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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 ACESoveron Jan 28, 2022 11:42am
149 Views
Post# 34371540

Just a theory

Just a theory
There seems to be no rhyme or reason why SGY is boxed in such a narrow trading range especially with WTI hovering in $88.00 range. The fact of the matter it is still green today. and obviously for every seller there is a buyer. In my way of thinking there has been accumulation taking place as the algo's paint a picture of smoke & mirrors and the illusion that SGY is priced correctly. So what happens if somebody called Eric decides to put a positive plug on our little darling. Geez, what happened to that tight trading range, Like I said just a theory, Whether Nuttall hypes it or not SGY will eventually have it's day in the sun.

ACE$
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