Surge Energy Inc (Alberta) T.SGY

Price Level Squeeze

[Lifeinmexico]

The longer the price level stays down here the better it is for a takeover. Squeeze the price down a little more before it pops and hand it over for another to control. Question is who will take it out.

[Theconsortman]

Will it be a pop or a take under? That is the only remaining question.

[Lifeinmexico]

Keep selling into them. It will make this happen sooner

[JohnFriesen]

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[Theconsortman]

Purely for entertainment Mr JohnFriesen. Clown shows are entertaining. You here because you are still holding the bag?

[JohnFriesen]

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[Theconsortman]

Solid financial backing? They have big debt and the only thing backstopping them is  gov money that will have to be paid back. Yes I sold at the bottom but it wasn't a large position. That being said I kick myself for not bailing when the smart management headed for the exits. That should have told me everything I needed to know but I guess I didn't heed the warning.  Sticking

[JohnFriesen]

This post has been removed in accordance with Community Policy

[Theconsortman]

It was small as I like to keep ny investments spread out. It helps to protect the investor in cases much like this one. I have kept and added to my oily holdings CNQ, WCP, TOG and TVE but SGY was the one where the looming debt cast too large of a shadow to double down on. I believe we will see a recovery but it will be the best the breed that leads the way. On the gassy side TOU and ARX continue