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 Sep 22, 2015 10:32am

222 Views

Post# 24124862

Short position small drop

Short position has decreased a bit in the last two reporting periods but still there are 13.5 million shares shorted.

No major short covering took place since they have started the buy back. Company is buying back regularly but very few shares everyday. Most of the time it is under 30k shares per day. They have purcahsed about 770000 shares.

Short Positions for SGY

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : SGY	2015-09-15	13,557,834	-481,049	221,217,068	6.13
T : SGY	2015-08-31	14,038,883	-952,529	221,217,068	6.35
T : SGY	2015-08-15	14,991,412	530,342	221,147,248	6.78
T : SGY	2015-07-31	14,461,070	3,176,857	221,147,248	6.54
T : SGY	2015-07-15	11,284,213	1,078,581	221,062,094	5.10
T : SGY	2015-06-30	10,205,632	3,620,896	221,062,094	4.62
T : SGY	2015-06-15	6,584,736	71,178	221,062,094	2.98
T : SGY	2015-05-31	6,513,558	1,929,983	220,059,794	2.96
T : SGY	2015-05-15	4,583,575	-821,455	220,059,794	2.08
T : SGY	2015-04-30	5,405,030	-195,610	220,059,794	2.46
T : SGY	2015-04-15	5,600,640	367,051	220,059,794	2.55
T : SGY	2015-03-31	5,233,589	4,431	220,059,794	2.38
T : SGY	2015-03-15	5,229,158	-972	220,059,794	2.38
T : SGY	2015-02-28	5,230,130	-108,959	220,059,794	2.38