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Bullboard - Stock Discussion Forum 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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Insider Selling......Jared Ducs
View:
Post by Re1ndeer2 on Jan 08, 2025 10:39pm

Insider Selling......Jared Ducs

Jared selling again....not a good sign ever when CFO sells....
Comment by brewster123 on Jan 09, 2025 8:09am
No share buybacks either throughout the month of December?
Comment by ACESover on Jan 10, 2025 9:19am
No share buy backs throughout month of December. Not according to SEDI,   Filed 2025-01-08 13:17 Tx date 2024-12-30     $SGY Surge Energy Inc.   Surge Energy Inc.  ...more  
Comment by harvester on Jan 12, 2025 8:53pm
And reindeer states petro girl saying 560000 buybacks in Dec. Hmmmm
Comment by harvester on Jan 09, 2025 2:34pm
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 ...more  
Comment by Momo25 on Jan 10, 2025 8:24am
72k do not count that much, even 1M.  We don't know the reasons of an insider selling. People need to sell time to time to pay for a new personal acquisition, renovation, buying a car, etc. It is not significant at this point of time. What matters the most is the oil price, each dollar on top of the $70 (target price in SGY financials) translates in an extra bonus of 23k per day.