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.

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Surge Energy Inc (Alberta) > Analysis forecast for Oct missed

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Post by scienceguy36on Oct 25, 2021 1:22pm

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Post# 34045881

Analysis forecast for Oct missed

$8.09

(+57.01% Upside)

So, this stock isn't moving as forecast and perhaps for some of the reasons mentioned by contrarion contributors. But i think all will agree if oil stays at these prices and the Hedges expire, that we are in for a large upside in 2022. IMHO to get in now will show handsome returns in 2022

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