Of the 16 Canadian oil and gas................companies I own or are on my watch list, 2 are down, SGY and LNV. The same 3 as yesterday are killing this in a deliberate, orderly fashion. Morgan Stanley is busy selling 100 shares to itself. Not multiple 100 share lots, I mean 100 each minute at 1 cent below the minute before. Macquarie and in particular TD pile on.
Either investors don't like the upcoming deal or this stock and LNV are being held in place. Either way, there is a grave disservice being done to SGY shareholders. We are missing the seasonal play and just look at today for example, TSX up over 110 points, oil up another 57 cents and we are down with almost every other oil and gas stock up.
Great to be a retail investor in Canada.