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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

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Comment by unc12345on Apr 10, 2019 12:07pm
106 Views
Post# 29607389

RE:RE:RE:RE:LOST FAITH IN SGY

RE:RE:RE:RE:LOST FAITH IN SGYIt's obviously comforting to some extent that the CEO is buying shares in the company.  However, does anyone really take much solace in this information?  If he was staking his personal wealth/fortune on the company, I'd think that means something.  But to get even mildly excited over 10 or 20K in shares is doesn't make sense to me.  I did a quick search and also found he was buying last year at 2.40, meaning he's down about 40% in the past year on those shares.  Grain of salt, I say.  Having said all that, I am significantly long the shares and hoping the uptick continues. GLTA longs.
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