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) > Price Target Update NB

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Comment by uwebb429on Sep 28, 2024 11:27am

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Post# 36245351

RE:Price Target Update NB

Here are the National Bank target prices for Sep 26, 2024. The SGY target went from $11.00 to $11.25.

https://twitter.com/emmpeethree/status/1839846944346386459

I have been following the National Bank numbers for a while. Many of their target numbers are pure fantasy.

Fifteeen months ago on June 28, 2023, the National Bank had a $12.00 target for SGY. Now SGY is under $6.00.

https://i.imgur.com/276h7FB.jpg

SGY pays a good dividend but so far this year, the drop in the share price has exceeded the dividends that have been paid out. Investors would have been better off parking their money in a bank acount that pays 0.5% interest. At least that has zero risk.

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