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

Comment by Khersonon Feb 12, 2020 11:06pm

136 Views

Post# 30683360

RE:RE:RE:ultimate validation- big insider buys after the rally

Kherson wrote:

JWMinvestments wrote: Wayne Christie bought 250,000 shares yesterday in the open Market 1.06 per share. There goes the thought they were reviewing a takeover offer.

I think you have it backwards JWM.
I agree that a takeover bid is now off of the table due to the firm evidence that Christie bought in yesterday @ 1.06 on the Open Market. But let's not forget that he had at least three weeks previous to buy a position at a even lower price, which he did not. That tells me that a takeover offer was on the table and management and insiders were not allowed buy any stock during this time!
Kherson