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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) > This stands out...
View:
Post by zack50 on Mar 10, 2022 8:51am

This stands out...

Net income of $42.9-million or 54 cents per share for 2021 compared to a loss of $57.7-million or $1.44 per share for 2020. Adjusted funds flow was $43.3-million or 54 cents per share versus $8.5-million or 21 cents a year earlier.

Q1 results should be astronomical and if oil prices stay anywhere near current prices, we are in the money folks... 2022 will be a GREAT year for SURGE.
Comment by steve957 on Mar 10, 2022 9:09am
oil wi going to make a new all time hogh soon, we could see 175- 200 a barrel 
Comment by fortunefavorsus on Mar 10, 2022 9:23am
Maybe see some insider buying tomorrow?  If not then maybe a deal is in the works.  A good asset sale could send this stock soaring.
Comment by Franman184 on Mar 10, 2022 9:24am
We dont need an all time high. The start of Demand Destruction is probally in the 150 to 180 range. We just need to stay above $70. Unless there is demand destruction I cannot see oil going below $85 for the next decade. Everyone will complain about 120 a barrell but its unlikely to change behavior. 
Comment by unc12345 on Mar 10, 2022 9:42am
Demand destruction is already happening.  Spoke to a sales manager yesterday and he is overwhelmed with clients looking to unload larger trucks for smaller vehicles.  Other things are happening I'm sure.  I think if it were oil/gas alone, then maybe we could count on a higher starting point for demand destruction, but if you look at the prices of everything (wheat?), it's ...more  
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