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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 PUNJABIon Jan 26, 2022 10:00am
156 Views
Post# 34361855

RE:SGY best performer recently

RE:SGY best performer recentlyBesides ARX I have owned or still own the oil stocks on your list. I  loaded them and other oil stock last year when the oil had collapsed.


You should learn proper analysis and take at least one year for performance or the move from the rebound of oil stocks. You need to understand the entire sector and its performance and not just less than one month's move. This one-month move is still way short of the performance of other oil stocks when the longer period is considered.

E.g CPG my cost is around $1 today it is trading at $$8.37.  Similar situation with BTE and other stocks. Yes SGY has moved recently this month but it had grossly underperformed most of the other oil stocks. Other stocks have been overperforming since the recovery started.

SGY closed at $ 4.30 on Dec 31 or @ $.50 pre-split price the stock become dead because of massive dilution at $.57 when the stock had bounced back to $.70. Among my oil stocks, this is the worst performer.

Money put in other stocks that you have listed have done much better.  Now SGY is a rotation trade as I mentioned in my previous post. All the other stocks have moved much faster and higher and the profits from them will move to laggards that offer relatively better value as they have not moved relatively higher. Before Dec SGY was dead money even loss for buyers of last financing who had bought the shares dirt cheap and at a discount to the market price at that time.


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