Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): ZPTAF | T.SGY.DB.B

Energy Oil & Gas E&P

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

Surge Energy Inc (Alberta) > SGY not the time to speculate. Reward shareholders

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Post by PUNJABIon Apr 17, 2022 10:37am

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Post# 34608325

SGY not the time to speculate. Reward shareholders

The CEO has a poor track record in trading assets. He is in the wrong business and should be a second-hand car salesman. Once his timing was excellent. Other times not so good and one time horrible. He purchased the large assets at the top of the market and used debt that almost caused the company to go bankrupt. Was forced by the banks to sell the best assets when oil started to recover, and then the last two deals caused massive dilutions and the stock was abandoned by the shareholders for a while. The stock is still a laggard and is taking a long time to absorb all the dilution.

Broad should prevent him from buying at the top of the market. With Oil above $100, every asset is priced to perfection and very expensive. Anytime he does a deal he puts a spin on it. Retail investors buy it but not the institutions. I think he is reckless to the point of being a gambler. He makes me very nervous. He is like the retail herd in the stock market that chases the overpriced momentum and buys assets on the top and becomes a bag holder. Some shareholders and I will leave this stock if he buys overpriced assets. There are hundreds of other stocks. The reason I am hanging around is that this stock is undervalued to most other stocks that I like. It is still trading at $1.18 pre-consolidation price. Others have multiplied in prices.

I don’t believe that this is the time to speculate. These are exceptional times as we have a perfect storm in favour of oil producers there was one against when oil traded in negative. Those prices did not last and these many do not last forever. There are huge numbers of old pre-dilution shareholders that are still in deep red, they should be given a chance to recover their money and other shareholders to make a similar return like other oil stocks.

This is the time to pay off expensive debt, become debt-free, pay dividends and increase organic production by digging more wells in the best properties. Not even buy back shares as the float is small because of the amateur 8.5 consolation.

Looking at the last month’s trading data. National has been the largest net seller. In the last three trading days, they sold about 1.4m shares. Who knows who is selling and why. In a few days when the short position comes out, we will know if the stock has been shorted.

Broker Positions for C:SGY Broker #80 from 20220314 to 20220414

Date	Bought	$Val	Ave	Sold	$Val	Ave	Net	Position	$Net	$Position
20220314	22,416	188,372	8.403	50,208	425,072	8.466	-27,792	-27,792	236,700	236,700
20220315	38,080	299,328	7.861	53,844	427,204	7.934	-15,764	-43,556	127,876	364,576
20220316	42,617	346,644	8.134	19,224	156,546	8.143	23,393	-20,163	-190,098	174,478
20220317	13,890	119,463	8.601	21,844	186,110	8.52	-7,954	-28,117	66,647	241,125
20220318	18,144	154,871	8.536	139,299	1,184,355	8.502	-121,155	-149,272	1,029,484	1,270,609
20220321	32,412	280,349	8.65	50,897	440,096	8.647	-18,485	-167,757	159,747	1,430,356
20220322	23,837	203,855	8.552	21,171	180,503	8.526	2,666	-165,091	-23,352	1,407,004
20220323	21,327	180,088	8.444	22,869	192,487	8.417	-1,542	-166,633	12,399	1,419,403
20220324	24,097	198,006	8.217	48,559	400,062	8.239	-24,462	-191,095	202,056	1,621,459
20220325	64,503	544,357	8.439	25,689	219,344	8.538	38,814	-152,281	-325,013	1,296,446
20220328	16,172	134,950	8.345	40,365	337,437	8.36	-24,193	-176,474	202,487	1,498,933
20220329	16,267	139,064	8.549	104,686	899,034	8.588	-88,419	-264,893	759,970	2,258,903
20220330	32,476	289,929	8.927	17,697	158,323	8.946	14,779	-250,114	-131,606	2,127,297
20220331	12,133	108,060	8.906	10,810	96,346	8.913	1,323	-248,791	-11,714	2,115,583
20220401	21,427	195,552	9.126	53,110	483,368	9.101	-31,683	-280,474	287,816	2,403,399
20220404	16,693	154,107	9.232	104,103	964,197	9.262	-87,410	-367,884	810,090	3,213,489
20220405	67,135	622,286	9.269	127,411	1,185,633	9.306	-60,276	-428,160	563,347	3,776,836
20220406	18,508	164,401	8.883	14,277	128,245	8.983	4,231	-423,929	-36,156	3,740,680
20220407	172,088	1,491,233	8.666	253,796	2,208,845	8.703	-81,708	-505,637	717,612	4,458,292
20220408	186,095	1,663,587	8.939	264,132	2,366,174	8.958	-78,037	-583,674	702,587	5,160,879
20220411	113,487	992,279	8.744	84,245	741,476	8.801	29,242	-554,432	-250,803	4,910,076
20220412	278,896	2,442,589	8.758	395,754	3,471,993	8.773	-116,858	-671,290	1,029,404	5,939,480
20220413	159,306	1,401,333	8.796	288,757	2,552,547	8.84	-129,451	-800,741	1,151,214	7,090,694
20220414	92,527	876,224	9.47	719,842	6,774,743	9.411	-627,315	-1,428,056	5,898,519	12,989,213