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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 21, 2022 7:22pm
216 Views
Post# 34448766

RE:$95 WTI

RE:$95 WTI

  Well , the issue does flow through banks.  Theyre aren't any buyers  in large enough volumes coming into the sector to really see a spike in stock price.  It will or could happen but in general ....... they say in the Globe that investors will have to step in because there aren't any other places to be , to make real returns . So money will talk ? Just when ? 

    What will be our friend,  will  be a fund or anyone taking a postion,  well we are cheap!  .  Any type of volume brings this particular stock higher.  

   If this sector is ignored due to the sentient around global warming , then in time buy backs , and a slow trickle of individual buyers with there own trading accounts will elevate this , and the others.   

   This one with it's very low share count could have a good week .  Low share count as I said !!! ,  One or two buyers wanting a million shares  !  

  Boom we are 7.50 to 8 dollars   


  I think it's a matter or days before this happens  not months !!
    10 dollars by May is very reasonable and is cheap  at that price !
   Good luck all 
Craig 

   

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