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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 1970Craigon Feb 09, 2022 5:32pm
198 Views
Post# 34414431

RE:Buyer

RE:Buyer

  I am a strong believer we are way undervalued . Today I put a buy order into round out my share count into a even number.   I would imagine the buyer was me ?  My buy order was for 81500 at limit of 6.35 ?  I actually bid up 1 cent to 6.35 becsuse the volume is brutally low ?  

   I actually pondered raising the bid and when I went to do so as I always do one last check and a few more were filled.  So I left it.   

     I sold off another in the same sector , it was up close to 6 percent today , when surge was sitting up 1.4 % or something like that  .  

   With such a low share count in this company any one wanting volume is going to drive this up massively  
   I bought nothing in the scheme of things and I consider this a very lucky day for me to fill that order when looking at say whitecap or others .   

    So I will say it again . I am putting my money here , and it's more risky than say whitecap or CPG or ARC or Suncor  
   But folks this in any event is under valued, and if we see oil go up any higher say 95 .    This one is going to pop 20 to 30 % in one day  .   This leaves that buyer in at a average of day 8.50   With another 40 percent upside   

    Patience , it's the debt , and the consolidation throwing this off . 300M  plus is a high amount of debt with only 21.5 k in production  , with bad hedging up to end of year.   

    This one is more risky because until they actually show they are paying down the debt and they can offer something that brings us out from the dark cloud   

    My hope or thinking is what we just saw was resistance at $6.30    I think we are now heading slowly higher , until something concrete is shown or said that is concrete then we get a 29 -30 percent pop   Maybe 20 percent in one day    Seriously    

    Anyway  if that was my trade   That is kinda cool    It shows more now then ever I believe  !! 

  

    

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