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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

Post by soundandfuryon Dec 30, 2020 2:32pm
255 Views
Post# 32198798

Registered shareholders?

Registered shareholders?If you own shares of surge through a broker you are not a registered shareholder........according to sgy info circular only shareholders who are on the sgy books are registered ......in other words sgy has the names and addresses of only shareholders on their registry.......probably insiders etc..........also worth noteing that in the info circular they raised the stock incentive plan from 4.5% to 5% of outstanding shares for executive share incentive plan.......generally sgy has executive comp of about 10 million per year with about 1/2 of that amount paid via share incentive plan........also they have protected their share plan in case of a change in control of the company by making all share incentives issued vested immediately upon change of control.......usually vesting takes about 2 years .........looks to me like management likes to issue stock to itself as it says right in the info circular to avoid paying cash or buying back stock in the open market to give to executives.......anyhow i would recommend all shareholders read this circular to see how sgy executives are being compensated
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