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) > But there is a silver lineing to all this

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Comment by Chris007on Dec 14, 2021 5:34pm

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Post# 34230715

RE:RE:RE:But there is a silver lineing to all this

Well, the stock is down almost 30% from its 52 week high...there very well could be people taking a tax loss on it. Its all about the timing of your purchase/sale.

littledave55555 wrote:
is this what they call tax selling ??? The oil price is still very high kinda strange to see all these oil stocks go down like this ... o well come on 2022 lol

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