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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
Comment by goinonaprayeron Oct 22, 2020 9:48am
284 Views
Post# 31761285

RE:Rights

RE:RightsIn mid August a number of insiders exercised "rights" to buy newly created common shares (vs bought on the open market. Creating new shares raises funds for the company.).  Included in this was the CEO for over 800k shares at .325.     Insiders with the buying the rights would only purchase the rights if their knowlege suggested the company can survive and that the stock price should increase in the future.  Appreciate any feedback on this.  Check it out on sedi.ca.
Bullboard Posts