Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.

TSX:SGY - Post by User

Surge Energy Inc (Alberta) > WTI up$1.15 and Surge will follow

<< Previous

Bullboard Posts

Next >>

Post by ACESoveron Jul 05, 2021 12:57pm

331 Views

Post# 33493198

WTI up$1.15 and Surge will follow

As usual MM's keeping SGY in check as more shares get shaken out. Guaranteed these same MM's are thinking 6-12 months out as they keep accumulating. Meanwhile the short term players miss the same buying opportunities and flip out to another stock looking for some action. I expect SGY to be in the green by days end and waiting for it to break through resistance in mid .70's
Once that happens it will move quickly back over a buck

ACE$

<< Previous

Bullboard Posts

Next >>

Understanding tax loss season and the “Santa Claus rally”