Surge Energy Inc (Alberta) T.SGY

The market will give a value and not us!

[sylvain_007]

It's not difficult to understand, if peoples stop to sell at a low price like this week, the price of SGY will surge at any moment. So peoples prefer to take a penny than a dollar.

[Chris007]

Or some people don't believe the 20+% run up in crude prices over the last month is sustainable and want to take some money off the table. The stock price for SGY is up about 35% in the last month, taking into account todays pullback. Without today's pullback, the stock would have been up almost 50%. Some people may be good with just cashing in a quick 35-50% gain.

[Stockhudson]

no pennies for me     but this talk of buy out annoys me 

[Countrin2tive]

Agree completely, and I will add that in Sparky alone SGY has about 1 billion barrels Oil in Place (OIP) ,  At the end of 2019 (from when WTI was about what it is now) - Total Proven (TP) and Total Proven +Probable (TPP) reserves were valued at; NET ASSET VALUE   TP TPP Reserve Value NPV10 BT ($MM

[Graphene]

The selling can be misleading! Short sellers don't actually "OWN" any shares, they only borrow them for a short period of time in order to DRIVE the price down! The more the price is hammered down, the more money short sellers make! Surge has been heavily shorted for years.  When a short "squeeze" happens...like last big run, most of the garage on this board