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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 Kontraryon Jun 08, 2022 11:31pm
191 Views
Post# 34742486

RE:Appropriate name

RE:Appropriate nameThe $0.34 price was before the reverse split (1:8.5). It also seems low. According to  the sources I checked, the adjusted 52-week low is $3.06. Still a nice gain, but not 40X

Binkie wrote: Surge, well it's living up to the moniker, and then some. 52 week low is $0.34, today it hit a 52 week high of $13.68. That's a 40 multiple- mind blowing. A $10k investment at the low would be worth $400,000. I wish I could say I owned it last year like some here, but my Ave cost is $8.44 so I'm up a bit over 60%, which is amazing for a little over 3 months. I'm not bragging, I'm elated as rarely in my years you f investing have I had this type of return. And imo, it will continue to get better. Not only will we be getting a healthy monthly dividend starting in July, but I think a $20 price target is very reasonable and attainable but $25 isn't unreasonable- but I'd be thrilled with $20. Surge, it certainly has...


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