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 25, 2015 2:29pm

190 Views

Post# 24049814

Buyback date. Yestrday inside trades were not flaged

"As a result of the very attractive rates of return at Shaunavon, and the attractive, low risk metrics relating to the buy back of Surge's common shares, management confirms the initiation of the acquisition of Surge common shares on August 24^th, 2015 pursuant to the Issuer Bid."

Yesterday Broker 11 bought 96100 shares. He is a chance that these shares were for the account of SGY. But they were not picked up the TMX as inside trades. Their website indicated no insider buying yesterday.

I do not know why it happend. Maybe they did not code the account correctly & the trades were not flagged as insider trades. The marker was mising.

Yesteerday insider purchases should have showed up yesterday on TMX website.

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