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

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

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

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Don't panic
View:
Post by Momo25 on Nov 27, 2024 3:51pm

Don't panic

Like everyone, I am losing money not because SGY is a poorly managed company but the oil and gas sector is facing downwind. Investors are in a wait and see mode due to contradicting information they get on a daily basis from IEA, Goldman Sachs and other sources. Having said that, everything that goes down, will go up one day. I am pretty sure 2025 will be much more interesting.
Comment by Westcoastenergy on Nov 28, 2024 10:13am
From my perspective, I have made money this year on every O&G holding I have EXCEPT SGY.  That is why I sold out.  Actually, the main reason I sold out was to take the loss against my other substantial gains. I am considering buying back in after the 30 day rule expires as I don't see a lot more downside for SGY.  Of course, I said that at $8.00, then at $7.00, then at $6.00 ...more  
Surge Energy Inc (Alberta)
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