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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
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(153)
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Comment by oilyexecon Apr 20, 2018 8:12am
81 Views
Post# 27915904

RE:Some say 25% of trades are short sales

RE:Some say 25% of trades are short sales
Short volumes have varied from 10 - 20% over the past year and are now sitting @ 14% (shortdata.ca). Some oilcos are running with a higher short % (CPG, RRX, GXO, WCP) which makes for a nicer short covering rally in the future.
Bullboard Posts
Dealroom for high-potential pre-IPO opportunities