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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

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Post by stocks123ST on Feb 16, 2022 8:07am

Some figures

All of you that are experiencing P/E  at the thought of SGY reaching $12, I give you some figures.
Also, take into account that there is less drilling, so supply is limited...

First chart: the price of oil the last time it was at $95/b

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=cl1&x=46&y=18&time=13&startdate=1%2F4%2F1999&enddate=3%2F2%2F2012&freq=3&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=3&maval=90&uf=8&lf=2&lf2=4&lf3=1024&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15

Second chart: price of SGY now at $95 oil v price of SGY the last time oil was $95.

https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=ca%3Asgy&x=56&y=16&time=13&startdate=1%2F4%2F1999&enddate=3%2F2%2F2012&freq=3&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=3&maval=90&uf=8&lf=2&lf2=4&lf3=1024&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=15

Need I say more???

Would Paul like to explain the charts?
Even if SGY started to pay a dividend tomorrow, the best that we could hope for is a double: maybe!!!

Hedge now for one year.
Pay a dividend commensurate with the price of oil.
Keep up to date with reducing debt.
Keep extra cash to buy back share when they go down: and they are going to go downl!!!

Haven't chaged my outlook for the market 
snp to 4000, back up to 5000 maybe a little over shoot and then 3600 and probably 3200...
As soon and the Fed raises rates and start to unwind the balance sheet, the market will crash!!!

From snp 5000 to 3200 is a crash. Even if ONLY to 3600...
Comment by pennydredful on Feb 16, 2022 10:07am
Lots   of gibberish  here . Even  the   readable  parts   are  gibberish!
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