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

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TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Cannaccord Genuity upgrades SGY to 50 cents

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Post by Dunworkin2 on Jan 07, 2021 8:02am

Cannaccord Genuity upgrades SGY to 50 cents

stabilizes.”

* Surge Energy Inc. (SGY-T) to “speculative buy” from “hold” with a 50-cent target, up from 30 cents. Average: 36 cents.

Mr. Petrucci: “Despite the recent run in oil prices, SGY has yet to see a material increase in share price and should be in line for a rerating, in our view. SGY benefits from significant oil in place, lower decline assets, and a highly economic play in the Sparky.”

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Comment by unc12345 on Jan 07, 2021 8:19am

That's good news right there, that at least someone is recognizing the potential. We haven't heard from the insightful voice of Kings Kid for awhile now....any chance?

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Comment by ariesleaf on Jan 07, 2021 12:11pm

I also would like to see this much higher. This week so far a gain about 4 cents. Most other oil& gas have gone up over $1.00 in the same time.To put it buntly 0.50 target is insane.

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Comment by Maxmoe on Jan 07, 2021 1:24pm

Shorts down again on iiroc report posted today. It's now virtually zero. The tide turned early November with the bdc refinancing. Nice double from the teens. Hedge funds path of least resistance is still up. Way up. Instead of shorting and bashing and pounding into oblivion, they will soon be loading up using margin and pumping hard balls deep. A jump to 50 can happen very quickly post ...more

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Comment by Maxmoe on Jan 07, 2021 1:41pm

Now if shithouse will just ban all those clowns piling into the clown car to troll kherman ( the paternal equivalent of the user name that causes a volcanic eruption of spew from the troll farm) , this board will become useful again. How many ignores are we up to now? 40 aliases, aliasses? https://youtu.be/24T6FpUqReQ

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