CIBC(39) makes the Surge market
I have observed many times starting in the $4-$5 range how CIBC(79) and other prominent houses such as the current Merrill Lynch(39) play both the buy and sell sides as they manipulate the price of SGY into what I believe is an accumulation phase of shares. Once they get their fill the push upwards begins again. Throw in some good media reports about China and voila up it goes again.Most O & G stocks get manipulated by the news stories not the fundamentals.
ACE$