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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) > Q4/Y21 End Results
View:
Post by Countrin2tive on Mar 08, 2022 12:08pm

Q4/Y21 End Results

As we all know the world as we new it and everything we may have been expecting at the end of 2021- doesn't exist anymore.  I'm expecting an overall loss for Y21, while Q4 will look much better than the previous 3Qs.  What I am real interested in is their looking forward statements as they the pertain to current situation, and what they expect in terms of company iniatives to year end.  The rest is old tired news.
Comment by moose73 on Mar 08, 2022 2:00pm
Why are we trading so much lower the Cardinal for example.Sgy book value higher and make more oil then cardinal.Cardinal Market cap 1.6 B and SGY MC 750 million. 
Comment by personal on Mar 08, 2022 2:12pm
i agree, I can't figure it out. SGY does not get any love from the market, I guess because management has disappoined so often in the past, the market is in the mood of show me. I hope they come out with an updated 2022 guidance (hopefully increased production) or the very least, 1st quarter udpate, we only have 3 weeks left in the 1st quarter. I am keeping my fingers crossed. I still don' ...more  
Comment by Binkie on Mar 08, 2022 3:23pm
Surge is up over 50% ytd or 175% annualized- I've dreamt on that type of performance from my investments for years and when it did happen, it was red not green, lol.  This stock has a lot going for it. There will be an avalanche of money coming into the sector from institutional and retail investors as it outperforms most of not all others sectors. It will be a money making machine, and ...more  
Comment by Dibah420 on Mar 08, 2022 4:01pm
"I agree, I can't figure it out. SGY does not get any love from the market, I guess because management has disappoined so often.." ***************************************************************************************************** PC calls his business model a Divco.  We used to  be able to trade this stock quite predictably from $3-$5  to $8-$9, rinse and repeat ...more  
Comment by Binkie on Mar 08, 2022 4:50pm
I don't think the long memory of hardships is isolated to Surge, most of this sector has had extended rough patches for their shareholders the past several years , in varying degrees for sure. There are lots of other companies they can move to, many with profound upside under these conditions. I'm no expert but I think Surge has tremendous upside potential, better than most I've ...more  
Comment by TickerStock101 on Mar 08, 2022 5:47pm
It's just a matter of time here before it shoots up. Don't worry be patient.
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