Surge Energy Inc (Alberta) T.SGY

Butall is full of it

[Fastguy69]

If the company was directed to sell themselves how would he be privileged to that information? That is news that would impact share price and would have to be made as news to the general shareholders as per securities regulatory compliance would it not?

[Chris007]

Don't think he actually mentioned any specifics, other than "word on the street". That being said, its not exactly a stretch that people talk "off the record" and information gets out. As for asset sales/sale of the company, such possibilities were disclosed in company filings under "Material contracts - Credit agreements", which you can find on SEDAR (post

[sollmg]

The Sales and Investment Solicitation Process (SISP) the Nuttal referred to is in regards to the ARO reporting Surge is required to under take as part of their Credit Agreement. The full list of requirements can be found on pages 88 and 89 of the Credit Agreement posted on Sedar (date 12 Aug). ARO Reporting is  Asset retirement obligation An Asset Retirement Obligation (ARO

[Mukulu20]

Nuttal is proving to be wrong on his call on MEG energy. The more he buys the more MEG goes down. Could he be wrong on SGY? We haven't heard from SGY on the current situation. Hope the CEO uses his long experience to work out a solution for the company. Next reporting from SGY could be interesting. Let's see.