Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

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

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... see more

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Surge Energy Inc (Alberta) > Paul never mentioned that banks forced sgy to hedge

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Post by soundandfury on Nov 15, 2021 5:23pm

Paul never mentioned that banks forced sgy to hedge

That might also be considered material info??? Dont you agree?

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Comment by ppp on Nov 15, 2021 5:29pm

You are correct on that account, IMO they didn't force them to hedge. OBE had their backs to the wall as well, with more debt and ARO and they hedged next to nothing.

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Comment by geezer21 on Nov 15, 2021 5:40pm

File a compaint with security regulators

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Comment by pennydredful on Nov 15, 2021 5:55pm

Not all material information is passed to shareholders on an instanteous basis . When it is passed is at the discretion of the BOD and management.

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Comment by Baystboy07 on Nov 15, 2021 6:03pm

I agree...That is not required disclosure under securities law...having said that the bank did force the sale transaction....it was right in the revised credit agreement on SEDAR...I think people are in denial if they think the banks do not have them on a short leash....why do you think they have a very short time between the redetermination of the credit facility...this is where the Bank forces ...more

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Surge Energy Inc (Alberta)