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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) > An action plan
View:
Post by Momo25 on Dec 06, 2024 10:19am

An action plan

Oil and Gas Investors are playing a bad game over there. Given the fact the market is over supplied in the context of economy weakness, they are pushing small companies that have not enough bandwith to bankruptcy. What SGY needs to do is to merge with a pear like Cardinal Energy that has same profile in terms of revenue but better gross margin and much less debt. This merger will boost the share prices of both companies while making them survive longer.
Comment by Tradestay on Dec 06, 2024 10:49am
Google recesion keeping cap on oil and China slow down 2022,2023,2024 same story.  Globally banks are reducing rates, that will spark econnomic actions, when the rates were going up its recession recession, coming down still recession recession.  All of this and US Crude, Gasoline and Distilate inventories are 5% below 5 year average, yet still we have been reading recession news since ...more  
Comment by Momo25 on Dec 06, 2024 11:02am
Peer not pear. unless SGY is apple (lol)
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