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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 unc12345on Mar 23, 2024 9:19am
155 Views
Post# 35948625

RE:RE:Globe says "potential for outsized gains" seen at Surge

RE:RE:Globe says "potential for outsized gains" seen at SurgeIn all fairness to company executives, they have to sell at some point to diversify their holdings as a reasonable or prudent person would.  Obviously, it would be great to see a flood of buying by insiders and this doesn't seem to be happening here.  But I think we should avoid jumping on the fact that someone on the company sold some shares and treating it as a big negative.  It's all in due course.  I can think of several companies where the executives would have been extremely happy to have previously diversified their holdings.
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