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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) > Appropriate name
View:
Post by Binkie on Jun 08, 2022 5:53pm

Appropriate name

Surge, well it's living up to the moniker, and then some. 52 week low is $0.34, today it hit a 52 week high of $13.68. That's a 40 multiple- mind blowing. A $10k investment at the low would be worth $400,000. I wish I could say I owned it last year like some here, but my Ave cost is $8.44 so I'm up a bit over 60%, which is amazing for a little over 3 months. I'm not bragging, I'm elated as rarely in my years you f investing have I had this type of return. And imo, it will continue to get better. Not only will we be getting a healthy monthly dividend starting in July, but I think a $20 price target is very reasonable and attainable but $25 isn't unreasonable- but I'd be thrilled with $20. Surge, it certainly has...
Comment by Kontrary on Jun 08, 2022 11:31pm
The $0.34 price was before the reverse split (1:8.5). It also seems low. According to  the sources I checked, the adjusted 52-week low is $3.06. Still a nice gain, but not 40X
Comment by Binkie on Jun 09, 2022 8:22am
Sorry, I wasn't aware of the reverse split as I wasn't following the company then and saw that number $.34 in the 52 week low. Thanks for clarifying! I looked at 2021 year end reports and modeled the potential from that information as the basis for taking a position. Like you say Kontrary, it has done exceedingly well using 3.06 as the low as you'd be up over $10/share , which is over ...more  
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