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 May 16, 2016 10:23am

194 Views

Post# 24876583

Laggard

I am surprised that the market has ignored this stock so far. I am not complaining because it gave me a change to get in & then increase my position at low $2.00 prices.

I think the oil have bottomed out. This company was not high risk because of low cost, decline & debt.

It is a matter of time when this stock will move. Today Desjardin is dropping few shares. It should not matter because any serious buying should take care of it. Buyer will eventually come to the stock.

I am loaded. Just have to wait for the run.

House Positions for C:SGY from 20160516 to 20160516

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
74 GMP	107,500	251,938	2.344	6,100	14,255	2.337	101,400	-237,683
13 Instinet	64,300	149,874	2.331	10,000	23,300	2.33	54,300	-126,574
79 CIBC	89,406	208,451	2.332	43,267	101,058	2.336	46,139	-107,393
85 Scotia	68,000	158,802	2.335	24,000	56,050	2.335	44,000	-102,752
39 Merrill Lynch	83,700	194,963	2.329	47,300	110,293	2.332	36,400	-84,670
14 ITG	19,400	45,204	2.33	0			19,400	-45,204
15 UBS	3,300	7,663	2.322	200	467	2.335	3,100	-7,196
72 Credit Suisse	3,900	9,101	2.334	1,800	4,190	2.328	2,100	-4,911
124 Questrade	2,130	4,965	2.331	60	139	2.317	2,070	-4,826
3 AltaCorp	426	988	2.319	279	645	2.312	147	-343
65 Goldman	4	9	2.25	0			4	-9
99 Jitney	1,500	3,480	2.32	1,800	4,184	2.324	-300	704
53 Morgan Stanley	1,000	2,330	2.33	2,300	5,361	2.331	-1,300	3,031
101 SG Capital	700	1,638	2.34	3,100	7,247	2.338	-2,400	5,609
2 RBC	41,990	97,698	2.327	52,624	122,728	2.332	-10,634	25,030
80 National Bank	500	1,165	2.33	15,306	35,684	2.331	-14,806	34,519
1 Anonymous	179,106	416,839	2.327	194,000	452,229	2.331	-14,894	35,390
7 TD Sec	63,132	147,259	2.333	105,308	246,022	2.336	-42,176	98,763
9 BMO Nesbitt	18,000	41,927	2.329	60,950	141,652	2.324	-42,950	99,725
73 Cormark	0			56,600	132,032	2.333	-56,600	132,032
19 Desjardins	7,800	18,163	2.329	130,800	304,921	2.331	-123,000	286,758
TOTAL	755,794	1,762,457	2.332	755,794	1,762,457	2.332	0	0