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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) > ON THE IF IT'S REAL OR FAKE CONSOLIDATION
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Comment by tdon1229on Jul 29, 2021 12:20am
155 Views
Post# 33619460

RE:RE:RE:ON THE IF IT'S REAL OR FAKE CONSOLIDATION

RE:RE:RE:ON THE IF IT'S REAL OR FAKE CONSOLIDATION

WanTBe1 wrote: Thanks I know that But just was just wondering why the company never posted as news.

Paul let's us know 24x7 when he's at the water cooler.  Second Question is about the consolidation
So let's say to bought 10 shares at $1.40 each=$14.00 so after 8.5 for 1 would leave you with only 1 (no rounding) now my cost for one share would be $14.00. Sgy shares are $4.59 How many lifetime 's would it take SGY to get to $14.00


 

You're already down $0.85/shr. from your buy price of $1.40.  You'll also get cash for the 1.5 shares.  Once again, math is hard.  I'll leave the rest of the problem as an exercise for you.  

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