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) > The last time WTI oil was at $82.00

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Post by downtozero on Oct 15, 2021 12:19pm

The last time WTI oil was at $82.00

SGY was at $53.64 at post consolidation share value.

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Comment by Chris007 on Oct 15, 2021 12:48pm

Its definitely not an apples to apples kind of comparison looking back to the pre-2014 crash prices...Fact of the matter is, these guys issued 300+ Million shares, at an extremely beaten up price, just this year alone (shares outstanding basically doubled) to raise funds for working capital and pay for various acquisitions...thats a hell of a lot of dilution

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Comment by ppp on Oct 15, 2021 3:14pm

For entertainment. In 2014 sgy 166 mil shares trading at 6.55 Surge Energy to acquire Sask. light oil assets 2014-01-13 08:19 ET - News Release Mr. Paul Colborne reports SURGE ANNOUNCES $109 MILLION SE SASKATCHEWAN LIGHT OIL ACQUISITION, UPWARD REVISION TO 2014 GUIDANCE ...more

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Surge Energy Inc (Alberta)