Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s): T.SGY.DB.B | ZPTAF

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) > Insiders Buying Good Sign

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Comment by daniel004on Sep 13, 2024 6:16am

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Post# 36221748

RE:RE:RE:Insiders Buying Good Sign

I should have included the link:
https://www.canadianinsider.com/node/7?menu_tickersearch=SGY+%7C+Surge+Energy

daniel004 wrote: I was hoping for insider share purchases on the open market.

I'm not sure how to interpret this, but the puchase of $600k of unsecured senior notes by these directors must indicate skin in the game and some level of confidence in the company.

The current dividend yield and their interest returns are comparable.

But won't they lose out on additional gains if the share price goes up or if there is a buyout?

Please educate me on why a company director would choose this over buying shares.

GLTA, Dan