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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

Bullboard Posts
Post by challenger426on Dec 10, 2018 5:35pm
261 Views
Post# 29094098

Almost all Insider Buying for 2018 YTD - only 2 sells

Almost all Insider Buying for 2018 YTD - only 2 sellsInsiders are buying which is usually agood sign.  One of the 2 sells was followed by a purchase almost as large as the sell.  It seems like Keith Macdonald may have had second thoughts after selling and thought the price was going even higher, then decided to buy back in .  Anyway these insiders are usually thinking forward months and years, not day by day.  Every Analyst's price target is at least a buck higher than the share price is right now which is another plus.


Bullboard Posts