Surge Energy Inc (Alberta) T.SGY

Insiders Buying Good Sign

[Re1ndeer2]

5

Ducs (Jared Andrew Renton)

95,072

$634,130.24

140,269

SEDI

2024-08-15

Christie (Derek)

15,561

$103,791.87

308,759

SEDI

2024-08-15

Christie (Derek)

87,664

$584,718.88

293,198

SEDI

2024-08-15

Bye, Murray

8,609

$57,422.03

273,155

SEDI

2024-08-15

Bye, Murray

95,543

$637,271.81

264,546

SEDI

2024-08-15

Burnyeat, Marion Louise

6,875

$45,856.25

25,455

SEDI

2024-08-14

Surge Energy Inc (Alberta)

7,200

$48,744.00

68,600

SEDI

2024-08-13

Surge Energy Inc (Alberta)

7,100

$47,712.00

61,400

SEDI

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[lnggasfor202324]

Why isn't Pauly buying then other then shooying his big mouth off how good SGY is?

[tinkvid]

Took the opportunity here to average up and with the insiders buying and along with the active NCIB. USA still steadily buying Canadian oil. 

[daniel004]

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

[daniel004]

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

[tinkvid]

Safety for their equity and 8.5% yearly for 5 years is a pretty good return IMO. I am sure those who purchased the notes hold additional shares , options and will benefit if a takeover happens or s/p appreciation. Oil markets are volatile so you never now what lies ahead for the next 5 years. Just my opinion 

[daniel004]

Thanks Tinkvid. I can't disagree.

[lnggasfor202324]

ITt's most likely because if SGY goes banrkupt they get paid first before the shareholders.  I don't think that looks good for the insiders that have the inside information unsure of the company been viable.  It's no wonder why Paully seems so scared. 

[bluenose1111111]

I wouldn't be surprised if there was an option to be paid in shares, at a price similar to market at the time the notes were purchased. This would give them the upside with no risk. just my guess. IMHO

[Kherson]

What are you talking about? Kherson