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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

Comment by DBNORTHon Jan 14, 2022 5:14pm
312 Views
Post# 34319031

RE:Heyy guys

RE:Heyy guysFirst bought in around 2.30 and traded it a little.  Then she dropped to 1$ and I bought more.  Then covid and bought at around .35 when it hadn't moved but all the others had (its a late bloomer).  Sold in the .60s and bought back in late .40s - then the consolidation - last time I bought was at the new price of about 4.20.  Wish they had reverse split at 10:1 so the math isn't so confusing.  I'm up now about 20% since I last sold.  Owned other oils before Covid, most of which have fully recovered, as they should, and then some.  This is still sadly underperforming the market but the Nutter doesn't like it and management doesn't get a lot of thumbs up so, this is what we have, a lagger that is getting some love, likely because it's the last to move, really, the last to move.
Wish someone would buy it, someone with a calculator and a few bucks, and good management - bit of a steal.  Let management go off and reinvent themselves and let "Surge" the name, die quietly.  
That divy is what got me - 6%......remember that!  My money would have done better in any other play, even VET, which is another dog I own and started buying at $25 - and hope to see a divy return to.  SGY is undervalued but.......hey, easier to talk about your mistakes when they are going green again. 
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