Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): T.SGY.DB.B | ZPTAF

Energy Oil & Gas E&P

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

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Surge Energy Inc (Alberta) > Nuttal

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Post by Carjack on Dec 07, 2023 1:30pm

Nuttal

Eric Nuttall

@ericnuttall

 				Consensus now seems to be that US shale companies have lost discipline and will flood the market, that oil demand is terrible, and that the OPEC+ deal is nearing collapse and they will flood the market to regain lost market share. I do not believe any of this. Yet, with all of that bearish narrative, 2024 WTI strip is $70.31. This is what the energy sector looks like on a relative basis at $70 (and at $80WTI which is still our base case for 2024):

https://twitter.com/ericnuttall/status/1732782141983916167/photo/1

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