Surge Energy Inc (Alberta) T.SGY

PRE-CONSOLIDATED-$0.778

[1970Craig]

Please someone tell me I am wrong here ?  We are trading at $0.778 per share ? I take $6.62 divide it by 8.5 and I come up with just under 78 cents.  

   I understood or can understand this even in December. However we are Feb and the company isn't hedged as much so we are getting close to maximum revenue . 

  No one is really banking on us yet.  If things go well , oil stays over 80 and we in June we are worth 12 dollars.  

  So can someone tel me why no one is wanting to buy it up to 9 dollars.  

   Patience is what I am told.  Am I loosing my mind or is this the best amd last great opportunity in the Canadian Oil E/P.     Everyone else has had a pop of some kind some more than others.  I say POP in relation to pre covid pricing.    We are under ?    

    Have a feeling the next 2 weeks will prove me right.  

  I bought yesterday.   I paid 6.52.  I have a decent amount in this and what I am saying is I believe enough to put my hard earned money on this.  

 Craig

[fortunefavorsus]

Its worse if you are trading on the U.S. OTC side with the rise in Canadian dollar.  Barely above .60 before the reverse split.  The first rebound in stock price was due to getting out from under creditors, bad hedges coming off, and completion of acquisitions .  Not rewarded at all for big pop in oil prices.and likely strong FCF for the year. As Colborne said they were doing 175

[pennydredful]

Maybe   some   are less confident  in  the  IFS   you applied  .Oil  could easily  fall  back  .