Surge Energy Inc (Alberta) T.SGY

Oil price on up so is surge

[Nothingmatters]

Can you think surge can hit $15 by May, $10 by april guys?

[AltafHANIF]

10 seem possible but 15, you will need oil price to be around 125 to hit that.

[Rockyboy2015]

If oil hits $100. Or they get bought out it is a possibility but unlikely. What makes you think that is even remotely possible?

[Nothingmatters]

Their NAV is $15.. read seeking alpha article and their earnings report. Everyone is pretty bullish on surge. Oil likely to hit 90 atleast. 

[Al42]

Total Proved NAV is $11.27 as of Dec 31,2023 as per latest presentation. https://www.surgeenergy.ca/wp-content/uploads/2024/03/Corporate-Presentation-Mar-2024-2.pdf

[Nothingmatters]

Proved and provable is $17.63

[unc12345]

As a long-time holder of way too much of this stock, gosh I wish it were true that everyone is bullish on the stock.  But look where it is....?  I am looking forward to the next debt target also and hope eventually the company can increase the dividend for my monthly cash flow.  But just as an example, why did a non-cash impairment charge result in the significant drop a short while

[harvester]

I personally think it's bacause any time he comes close to following through on paying down debt he decidesvto buy another company. Then issuing more shares further diluting the companies worth. Look what's happened since he called this a $25 share company. How many years ago was that now. It's disheartening for sure.