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Bullboard - Stock Discussion Forum
Surge Energy Inc (Alberta)
T.SGY
Alternate Symbol(s):
T.SGY.DB.B
|
ZPTAF
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.
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TSX:SGY - Post Discussion
Surge Energy Inc (Alberta)
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goinonaprayer
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Post by
goinonaprayer
on Oct 21, 2020 8:54am
Rights
No insider common shares purchased but can anyone comment on the "Rights exercised" shown on Sedi?
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goinonaprayer
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Comment by
goinonaprayer
on Oct 22, 2020 9:48am
In mid August a number of insiders exercised "rights" to buy newly created common shares (vs bought on the open market. Creating new shares raises funds for the company.). Included in this was the CEO for over 800k shares at .325. Insiders with the buying the rights would only purchase the rights if their knowlege suggested the company can survive and that the
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