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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) > RE Is Surge a buy now? What do u think as a shareholder?
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Comment by unc12345on May 05, 2024 8:52pm
266 Views
Post# 36024223

RE:RE:RE Is Surge a buy now? What do u think as a shareholder?

RE:RE:RE Is Surge a buy now? What do u think as a shareholder?Buy dips or lose out?  Be realistic.  I'm a signifcant holder of SGY and buying more dips is a fool's errand.  The problem I see is that the stock gets hammered when WTI shows any weakness AND it does not seem to participate very much on the upsdie when WTI is showing strength.  Am I wrong here?
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