Surge Energy (SGY) has notable insider net $ buying
Surge Energy (T:SGY)
Murray Bye, a Senior Officer, acquired 494,274 Common Shares on a direct ownership basis at a price of $2.320 through an exercise of rights on August 15th, 2018. This represents a $1,146,716 investment into the company's shares and an account share holdings change of 91.1%.
Margaret Ann Elekes, a Senior Officer, acquired 408,259 Common Shares on a direct ownership basis at a price of $2.320 through an exercise of rights on August 15th, 2018. This represents a $947,161 investment into the company's shares and an account share holdings change of 71.6%.
Gordon Paul Ferguson, CFO, acquired 580,015 Common Shares on a direct ownership basis at a price of $2.320 through an exercise of rights on August 15th, 2018. This represents a $1,345,635 investment into the company's shares and an account share holdings change of greater than 100%.
Daryl Harvey Gilbert, a Director, acquired 32,207 Common Shares on a direct ownership basis at a price of $2.320 through an exercise of rights on August 15th, 2018. This represents a $74,720 investment into the company's shares and an account share holdings change of 54.3%.
Robert Allen Leach, a Director, acquired 32,207 Common Shares on a direct ownership basis at a price of $2.320 through an exercise of rights on August 15th, 2018. This represents a $74,720 investment into the company's shares and an account share holdings change of 4.7%.
Keith Elliott Macdonald, a Director, acquired 32,207 Common Shares on a direct ownership basis at a price of $2.320 through an exercise of rights on August 15th, 2018. The insider also disposed 17,805 Common Shares on a direct ownership basis at a price of $2.120 through the public market on August 15th, 2018. This represents a $36,974 net investment into the company's shares and an account share holdings cha
Surge Energy Inc is a Canada-based exploration and production company (E&P). The Company is positioned to provide shareholders with long term sustainability by exploiting its assets in a financially disciplined manner and by acquiring additional long life oil and gas assets of a similar nature. Its assets are comprised primarily of operated oil-weighted properties characterized by a promising original oil-in-place (OOIP) crude oil reservoirs with low recovery factors and an inventory of around 700 gross low risk development drilling locations and several water flood projects. The Company continues to identify and pursue acquisitions with synergistic characteristics such as existing long life producing assets or opportunities with low risk upside potential.