Surge Energy Inc (Alberta) T.SGY

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

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) > High Volume

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Comment by unc12345on May 29, 2024 8:38am

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Post# 36061906

RE:RE:RE:RE:RE:RE:High Volume

Yes, I definitely don't see him as a stock guru. Quite knowledgeable on oil-related matters and a sharp guy but he is ALWAYS bullish for obvious reasons. You have to take his comments in a measured way.

I don't expect the stock to go to the moon uwebb, but how about just getting back to a $1 level pre-split ($8.50)? OR, a company steps in to scoop up the quality assets of the company at some point? I personally lost my faith in oil experts when I heard Josef Schacter describe Surge as a "table-pounding buy" under $2 ($17 now). Live and learn I guess....

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