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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, and Greater Sawn. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.


TSX:SGY - Post by User

Bullboard Posts
Comment by Indicatoron Jul 24, 2015 3:05pm
182 Views
Post# 23958043

RE:RE:SGY starting Re-test of 5 year lows now!

RE:RE:SGY starting Re-test of 5 year lows now!Large BUY's placed at technical support levels which get filled easily are frequently Technical Short Traders covering and taking advanatge of volume and support/resistance.  Canadian orders must be in even board lots. Short sellers are responsible for dividend charge-backs and any other distributions while they are short.

Watching Trades and Market depth in real time over some years and seeing stocks Short sold down to large BUY orders, often demonstrates repeated patterns and shows the hand originally held by the sellers.  On stocks with large divys Shorts will tend to not doddle, lest they incur divy charges. i.e.  covering earlier than later after a large drop in price is wiser than squeezing every last penny out of a short but incuring charge backs.

Not a firm science spotting Short covering by any means, but rather the result of careful watching and analysis over time.



Bullboard Posts