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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

Surge Energy Inc (Alberta) > Analysis forecast for Oct missed
View:
Post by scienceguy36 on Oct 25, 2021 1:22pm

Analysis forecast for Oct missed

$8.09
(+57.01% Upside)

So, this stock isn't  moving as forecast and perhaps for some of the reasons mentioned by contrarion contributors. But i think all will agree if oil stays at these prices and the Hedges expire, that we are in for a large upside in 2022. IMHO to get in now will show handsome returns in 2022
Comment by Dilborg on Oct 25, 2021 3:03pm
For anyone left "holding the SGY bag", it's certainly an opportunity at these prices to average the position down. Let's face it, if you're sitting there with stock you paid 10$ for and it hits 5$ over and over and this hasn't triggered an exit - then you didn't plan (or execute) an exit loss strategy. I have some concern for all the bag holders who paid more than 6 ...more  
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