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 company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, and Greater Sawn. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

Bullboard Posts

Comment by jerrybeon Jul 21, 2015 12:39pm

212 Views

Post# 23945062

RE:SGY short position continues to increase

Just added more...not quite sure SGY deserves such a beating and such interest in terms of short selling...clearly still is one of the best oil firms with the lowest risk of financial trouble in the patch. They need to get a new CFO fast. It does lead to quite a bit of speculation when the CFO resigns unexpectedly.

Buy, hold and open up to a positive surprise in two years. Timing is impossible in this market...the CEO bought quite a bit on the open market at much higher prices just three months ago...just shows how unpredictable these things are.

GLTA!

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