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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

Post by scienceguy36on Oct 26, 2021 11:03pm
388 Views
Post# 34053148

For what its worth

For what its worthWhen sound and fury makes an effort and does his research he does present some very good contrarion opinions that have me  actually fact checking his statements. He is right more times than he is wrong...if thats means anything to anybody. My vision for a stock market forum is to be able to listen to both sides of  why or why not this is a good investment. This idea that you have to present only optimistic opinions is very penny stock thinking, where you might actually persuade investors to buy in. Surge is now in my opinion outside that penny stock mentality and we as individual investers are not going to move this stock. But, we can help each other make informed decisions by offering information either positive or negative.
I am invested in Surge and have been in and out for the past 5 years, so have witnessed the rapid implosion, but fortunately i have been able to jump out and back in at the right times and  actually day traded Surge stock for over a year. It may not be the best oil stock investment for 2022 but i have followed this stock closer than any other stock and i don't like to make predictions but this is the best i have felt about Surge being the stock that is going to make some people happy in 2022. So keep sharing your opinions positive or contrarion.
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