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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 summerb37on Jan 24, 2020 9:02pm
216 Views
Post# 30597433

Borrow rate

Borrow rateI noticed today that Questtrade is charging a borrow rate of 23.47% for Surge stock, to either buy without funds or to borrow for shorting.  That is pretty expensive, especially if you are shorting and holding because you need to add the divie % to the borrow rate.  If other brokers have similar rates for Surge stock, it may be the reason why Surge didn't see the run up like some of the other oil/gas stocks and may also be the reason why Surge is declining slower than other oil/gas stocks.  That said, I’m not sure when the borrow rate changed.  Anyway, I found it interesting and thought I would mention it.
Bullboard Posts