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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...
low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.
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TSX:SGY - Post Discussion
Surge Energy Inc (Alberta)
> Feels like
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(91)
•••
harvester
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Post by
harvester
on Dec 11, 2024 10:56am
Feels like
market makers walking the price down for a takeover. This is ridiculous.
(40)
•••
ACESover
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Comment by
ACESover
on Dec 11, 2024 11:21am
I really don't see a take over at this time. What I do see is more of the usual games being played and I do agree the price is being walked down. Past experience tells me to join the smart money and be on the buy side when things appear at it's worst. The market operates on your emotions both fear and greed. If your not buying don't get caught up in all the smoke and mirrors and start
...more
(74)
•••
tsoprano24
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Comment by
tsoprano24
on Dec 11, 2024 11:28am
I'm sticking to my plan that this is setting up as a perfect January Effect stock. Tax selling and lack of buyers will be thing of the past come January. Lock in almost 10% div waiting till next earnings report. Compare chart to Tamarack. Complete opposites yet both are doing same thing, granted different areas and oil mix. But both paying down debt and returning money to shareholders thru
...more
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