Surge Energy Inc (Alberta) T.SGY

Insider buying in August

[brewster123]

Some decent Insider buying in August but no company share buybacks per their NCIB - that's disappointing.

[Al42]

Really? These are mostly free shares!!     Aug 21/24 Aug 15/24 Pasieka, James Murray Direct Ownership Rights Restricted Share Awards 57 - Exercise of rights -18,034 $6.67 Aug 21/24 Aug 15/24 Pasieka, James Murray Direct Ownership Rights Restricted Share Awards

[lnggasfor202324]

Why don't wee see Pauly in there?  The way he shoots his big mouth off how good of an E&P oil and gas company Surge is.  I'm sure if it was it was that great of a buy he would.  HMMM.  What does he know that the shareholdersd don't know?

[brewster123]

From the "Insiders" tab. This looks like buying and not free shares.

[uwebb429]

What information in the Insiders tab makes it look like the insiders were buying shares with their own money? https://stockhouse.com/companies/insiders?symbol=t.sgy Are you saying that all the insiders gathered around the water cooler on August 15th and they all agreed that day to head out to the open market and buy some shares? I do not think so. It looks more like Christmas came early for all

[Tradestay]

Those were rights excercise by insiders. They August they did use the NCIB and bought back $150K shares mostly 6.60 and higher. I am sure they buy more in Sep given the lower price currently. The good thing is the share cojnt is so low this will reprice fast in the medium term. 

[Kherson]

If Surge spends just $25 million of their recent private bond placement buying back shares, they could eliminate about 4 million shares! What's not to like about this? Am I missing something? Wow... Kherson

[VeritasVern]

At the current price, the dividend yield is about the same as the bond yield but they would be reducing the shares outstanding. I'm not sure if this technically sets a floor price but then again oil prices seem to continue to decline even after bullish reports by the API and EIA today. Politics are driving oil prices not fundamentals it seems. The good news is in, the market ignored it