Surge Energy Inc (ZPTAF)

[k9narc]

Insiders buy as Surge Energy surges back

Surge Energy Inc. SGY-T +1.07%increase
ended 2021 producing 21,500 barrels of oil equivalent per day. This year, Surge hopes to reduce net debt to a range of $250-million to $265-million. At that point, Surge could visit the possibility of reinstating its dividend. While a lot will probably depend on oil prices, insiders seem optimistic. Since Dec. 13, three insiders who are either officers or directors have spent a total of $523,540 buying shares in the market.