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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 fortunefavorsuson Feb 05, 2022 8:22am
176 Views
Post# 34400659

RE:RE:RE:EHP Select Alt CI F

RE:RE:RE:EHP Select Alt CI F Another possibility besides pair trade one fund could be short while another fund could be long.in Surge. This makes it easy for them to control the stock price on a low volume day.  For example the long fund sold some shares in the morning allowing the short fund to cover some shares at lower prices.. 

Sounds like they are trying to hedge position.  Depending on the environment they could be either net long or short.  You would think in this environent they would be net long.
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