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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Surge Energy Inc (Alberta) > Sgy lost $24 million in hedge loss in q3

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Post by Franman184 on Jan 01, 2022 8:39pm

Sgy lost $24 million in hedge loss in q3

Heads should roll. But which head? Colborne or the bank? The price for survival was steep.

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Comment by ziggy1410 on Jan 01, 2022 9:05pm

The Banks squeezed everybody, it's unrealized gains(money left on the table)....latest moves are all good;;;; The 20000 BBL equivalent and conservative Hedging program will has Surge sitting pretty..Check out presentation..

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Comment by Theconsortman on Jan 02, 2022 12:26am

Bank? Bank will get it's money. Who in the hell was behind buying Mount Bastion? The real kick in the nuts was selling off that fully developed waterflood to Tamarack for pennies on the dollar...

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Surge Energy Inc (Alberta)