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)

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Comment by borne2runon Feb 24, 2018 12:18pm

95 Views

Post# 27614474

RE:Insider buys

Use SEDI as all reports are filed with them.
Yes, Paul purchased 5,000 on Feb 23rd.
No other insider buys, but insiders have 5 days to file and company buyback reporting has different requirements; I think companies only need to report once per month.

So it is very possible that the company bought some shares under the NCIB.
Makes sense to re-purchase under $2 as the stock price bottomed out around $1.90 multiple times in 2017. Oil price is now higher than during those previous stock lows and production is higher. Under $2 is bargain territory.

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