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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > December 2020 Investors Presentation
View:
Post by Windyhill on Dec 07, 2020 10:33am

December 2020 Investors Presentation

SGY Surge Energy has 1.6 Billion Barrels of oil in Reserves in its various plays. At $35.00 per barrel of oil, show me the logical calculation on why this company is sitting at 0.30 CDN cents.

I cant seem to get this math worked out.....   anyone?
Comment by Lifeinmexico on Dec 07, 2020 11:15am
It takes an active trading account within management,or fund..... accumulate while you can. Example right now is seeing cardinal energy move and they were dead through the entire Covid recovery. Moved from 40 cents to 70 with no news but worse debt and management. TOG was the same price as Cardinal back in march and look at it now. Imagine if you choose CJ over TOG .... back then
Comment by Maxmoe on Dec 07, 2020 11:26am
Okay, it's a math challenge, so I'm in. No hate mail please. I bought it at 16 and still own it.  Not saying sgy isn't crazy cheap, BUT, it doesn't matter how many billions of barrels are in the ground if it costs more to find it, develop it, produce it, ship it, and pay the government,banks, bond holders,and other parasites, than you sell it for. If it sells for 40 but it ...more  
Surge Energy Inc (Alberta)
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