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.

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Surge Energy Inc (Alberta) > Sargex?

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Comment by SargeXon Oct 30, 2020 12:22pm

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Post# 31813433

RE:RE:RE:RE:RE:RE:Sargex?

Hey Red

Thanks for the comments. It is interesting that Golombek is one of the guys that gave me comfort that day/short term trading was fine in an RRSP/RRIF. If you read down further in his article, you;l see this: (note the key is qualified investments.

The CRA states the following in Folio 10 Registered Plans for Individuals: “…if an RRSP or RRIF were to engage in the business of day trading of various securities, it would not be taxable on the income derived from that business provided that the trading activities were limited to the buying and selling of qualified investments.”

Take her easy
Sarge

Red_Deer wrote: OPPS !!!!!!!

Here is the other LINK I wanted to Post !!!!!!

https://www.investmentexecutive.com/inside-track_/jamie-golombek/day-trading-in-a-tfsa-or-rrsp/

Red_Deer wrote:

SargeX wrote: Hey Leo

Very cool on all the commonality. I guess the difference in our approaches is that I plan on holding all of them forever unless something really dramatic changes with any given company.

I continue to do quite a bit of short term trading but I'm doing it in our RRSP/RRIF to avoid the immediate tax consequences as well as avoiding the CRA frequent trader rules. It means more taxes for the estate but that's my kids' problem. :-)

Hey SARGEX__You DEFINITELY Can NOT AVOID those CRA Frequent Trader Rules in
ANY Registered Account__whether RRSP, RRIF, TFSA, etc !!!!!!!!

https://www.disnat.com/en/learning/trading-basics/dbulletin/day-trading-in-an-rrsp-rrif-or-tfsa