Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Surge Energy Inc (Alberta) T.SGY

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

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

Comment by winterishereon Aug 04, 2021 3:10pm
153 Views
Post# 33649355

RE:Relax and

RE:Relax and
scienceguy36 wrote: Lets take a deep breath. The priced of oil is down significantly and so is SGY. Uncertainty over where the price will settle after reverse split so SGY is down. Concern over Surges hedging prices being negotiated low (we don't know if they were strong armed into excepting these). So with all this uncertainty surrounding Surge its normal in my opinion for the price to tank until some of this uncertainty is addressed.
Someone is interested as they just bought 456,000 shares at .475. I am in for 50,000 shares at .72 and staying in for the long haul. Curious to see what the share price will be after the split.
Good luck to all the longs that didn't panic and sell low.  I suspect that is what happened to the constant bashers.


Hard to relax when this is sinking like a stone and there is a reverse split coming up. I'll bet that most of us wish that  we had never heard of this lousy company.
<< Previous
Bullboard Posts
Next >>