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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

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

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

View:
Post by AltafHANIF on Oct 12, 2021 12:18pm

Year high

Almost every one is close and pass their year high except surge is way behind
Comment by WanTBe1 on Oct 12, 2021 12:38pm
Yes that would be $6.20
Comment by twinjett on Oct 12, 2021 1:44pm
The only thing that will really move this stock forward is a quarterly report that shows it can produce a profitable quarter. In quarter 2 they loss 9,985000 cad dollars. They loss 16,500,000 on hedges. Without the hedges they would have shown a profit of 6,515,000 Untill surge can show a profit the stock is going nowhere. With the hedges getting much better in 2022 this could get much better. If ...more  
Comment by ppp on Oct 12, 2021 3:15pm
IMO Hedge buyer should be worried about his job. 
Comment by Baystboy07 on Oct 12, 2021 3:49pm
These types of companies usually have no choice...it is the bankers that dictate it as part of not calling the loans.
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