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) > Share Consolidation @ 8.5

<< Previous

Bullboard Posts

Next >>

Comment by Chris007on Jul 20, 2021 1:27pm

211 Views

Post# 33575828

RE:RE:RE:Share Consolidation @ 8.5

That being said, 71M shares isn't very liquid and is probably going to lead to increased share price volatility. When momentum is on your side, it might be a pretty sweet ride upwards. However, when it reverse, it can get pretty darn nasty, real quick.

Just see the crazy volatility in OBE over the course of the last month or so. Big moves in both directions, with relatively small volume.

DJohn70s wrote:

Divinvestor wrote: First time i have seen this, where did you get this infirmation?

It is in the aquisition documents on SEDAR. Funny the company didn't bother to mention it in the news release? But it isn't a bad thing, as there will be too many shares outstanding, and the resulting higher share price will allow bigger buyers back in.