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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 harvesteron Jan 09, 2025 2:34pm
177 Views
Post# 36396546

RE:Insider Selling......Jared Ducs

RE:Insider Selling......Jared Ducs
Chief Financial Officer recently sold CA$72k worth of stock
On the 7th of January, Jared Ducs sold around 12k shares on-market at roughly CA$6.17 per share. This transaction amounted to 6.9% of their direct individual holding at the time of the trade.
  • This was the largest sale by an insider in the last 3 months.
  • Jared has been a net seller over the last 12 months, reducing personal holdings by CA$201k.

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