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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) > What is latest round of hedging going to cost us?
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Post by drunk@noon on Mar 05, 2022 3:00pm

What is latest round of hedging going to cost us?

In latest presentation Colburne was yapping about his great call put hedges for 2022 where they would'nt be impacted on upside until wti was over 80-85.
Then he went on to say, they liked tp be 50% hedged. So just how much of the upside has been capped at 80 or 85. Therefore, I think we are going to lose bigtime on the upside thanks to the B-head.
Comment by zack50 on Mar 05, 2022 6:21pm
It never ceases to amaze me... the number of shareholders who come to the forum complaining about Surge's position in regards to their hedging and issues related to the hedging... PC's yapping and big-time loses on the upside thanks to the B-head. Here's a suggestion for you... take it or leave it... pick up the phone and call PC (don't forget to ask for the B-head), or send him ...more  
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