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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

Comment by Maxmoeon Dec 30, 2020 2:23pm
164 Views
Post# 32198727

RE:Question

RE:QuestionI'm not sure what your source is for the public float and the definition may not be consistent with other sources. JOG capital, a private equity fund, owns about 50 million shares which qualifies as an insider with over 10% of shares. The balance must be management. I would argue the securities act definition of an insider can differ from reality. In reality JOG is a very large shareholder but their shares are for sale like everyone else. It's subject to price.  
scienceguy36 wrote:
Shares outstanding 339.78M  Public Float 276.93M. Wonder if the difference is institutional ownership or company executive ownership.


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