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.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

Bullboard Posts

Post by PUNJABIon Aug 20, 2015 8:24pm

177 Views

Post# 24038146

No buyback today. PC did not keep his word

I checked at TMX website & there were no insider buying reported for SGY. So as far I can tell SGY buyback has not started.

Yesterday CEO told the investors in public that SGY was starting aggressive buyback program. So it seems that he did not keep his word to the investors.

I am disappointed that CEO did not keep his word. I have relatively less respect for him.
House Positions for C:SGY from 20150820 to 20150820

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	183,100	434,518	2.373	93,500	221,286	2.367	89,600	-213,232
33 Canaccord	65,300	155,162	2.376	0			65,300	-155,162
72 Credit Suisse	392,100	933,081	2.38	360,358	857,105	2.378	31,742	-75,976
22 Fidelity	24,400	58,304	2.39	0			24,400	-58,304
9 BMO Nesbitt	31,700	75,356	2.377	9,200	21,860	2.376	22,500	-53,496
44 Jones Gable	15,600	37,218	2.386	0			15,600	-37,218
13 Instinet	20,100	47,194	2.348	6,100	14,091	2.31	14,000	-33,103
71 Brant	10,000	23,600	2.36	0			10,000	-23,600
3 AltaCorp	40,044	94,875	2.369	32,163	76,590	2.381	7,881	-18,285
36 Latimer	2,200	5,188	2.358	0			2,200	-5,188
48 Laurentian	2,000	4,800	2.40	0			2,000	-4,800
124 Questrade	820	1,926	2.349	0			820	-1,926
99 Jitney	3,300	7,872	2.385	2,500	5,850	2.34	800	-2,022
89 Raymond James	400	928	2.32	0			400	-928
56 Edward Jones	0			200	478	2.39	-200	478
68 Leede	0			250	592	2.368	-250	592
62 Haywood	0			1,000	2,380	2.38	-1,000	2,380
14 ITG	0			1,200	2,870	2.392	-1,200	2,870
65 Goldman	0			1,300	3,101	2.385	-1,300	3,101
94 Hampton	0			1,400	3,339	2.385	-1,400	3,339
123 Citigroup	0			1,451	3,463	2.387	-1,451	3,463
80 National Bank	17,000	39,896	2.347	18,840	44,792	2.377	-1,840	4,896
15 UBS	19,000	44,635	2.349	21,100	50,413	2.389	-2,100	5,778
90 Barclays	0			6,000	14,400	2.40	-6,000	14,400
101 SG Capital	5,400	12,653	2.343	14,400	33,925	2.356	-9,000	21,272
19 Desjardins	1,300	2,990	2.30	12,117	28,632	2.363	-10,817	25,642
2 RBC	99,091	232,657	2.348	114,869	271,305	2.362	-15,778	38,648
74 GMP	4,100	9,840	2.40	20,830	48,642	2.335	-16,730	38,802
7 TD Sec	183,868	432,857	2.354	206,930	488,096	2.359	-23,062	55,239
85 Scotia	6,053	14,124	2.333	34,600	81,934	2.368	-28,547	67,810
39 Merrill Lynch	92,100	217,418	2.361	125,700	297,371	2.366	-33,600	79,953
53 Morgan Stanley	4,600	10,880	2.365	41,975	99,253	2.365	-37,375	88,373
79 CIBC	49,331	117,208	2.376	144,924	343,412	2.37	-95,593	226,204
TOTAL	1,272,907	3,015,180	2.369	1,272,907	3,015,180	2.369	0