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 16, 2020 1:41pm

109 Views

Post# 30697463

RE:RE:RE:So why the 13 million shorts?

Pandora wrote:

Kherson wrote:

soundandfury wrote: The shorts are like buying insurance? They protect your capital in case of some unforseen event and they allow you to sleep at night as you wait for the ultimate take out offer whatever that price is and whenever that happens.......if a takeout is going to occur you would want to own the common stock rather than the debt..........when we see a drastic reduction in the shorts report we will know the takeover offer is imminent.......imho

Yes, a buyout has been in the works for quite awhile. Once the Special Recapitalization Meeting is completed at Headwater Exploration on March 4th, Neil Roszell's buyout announcement will soon follow!
Kherson

They're going to do a 1 for 3 consolidation on Corridor shares prior to becoming Headwater?