Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

Bullboard Posts

Post by PUNJABIon Aug 24, 2015 11:01pm

167 Views

Post# 24047910

Canada being shorted

Some of pressure on stocks is a result of shorting of ETFs. You cannot short a Mutal fund but you can take a short position on an etf. There are inverse ETF plus you can short a long ETF.

XIU contains TSX 60 top stocks. SGY is not part of but it has 20 % weighting in Energy sector. So when this ETF is shorted it puts pressure on the oil stocks too.

Since Jan 2015 the short position of XIU has doubled.

XEG contains SGY shares. About 12.53 % its float has been shorted. In Dec 2014 it had 6 million shares shorted now it has 8.4 millions units shorted.

Short Positions for XIU

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : XIU	2015-08-15	78,733,389	905,014	469,800,000	16.76
T : XIU	2015-07-31	77,828,375	4,313,967	474,300,000	16.41
T : XIU	2015-07-15	73,514,408	5,595,812	477,900,000	15.38
T : XIU	2015-06-30	67,918,596	4,993,204	491,600,000	13.82
T : XIU	2015-06-15	62,925,392	2,667,500	530,300,000	11.87
T : XIU	2015-05-31	60,257,892	736,238	479,400,000	12.57
T : XIU	2015-05-15	59,521,654	5,640,812	483,500,000	12.31
T : XIU	2015-04-30	53,880,842	1,048,220	487,100,000	11.06
T : XIU	2015-04-15	52,832,622	5,388,268	503,900,000	10.48
T : XIU	2015-03-31	47,444,354	2,258,095	530,300,000	8.95
T : XIU	2015-03-15	45,186,259	3,156,810	533,200,000	8.47
T : XIU	2015-02-28	42,029,449	5,353,244	507,000,000	8.29
T : XIU	2015-02-15	36,676,205	-757,969	508,900,000	7.21
T : XIU	2015-01-31	37,434,174	12,887,496	518,000,000	7.23
T : XIU	2015-01-15	24,546,678	1,951,128	527,100,000	4.66

Short Positions for XEG

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : XEG	2015-08-15	8,431,960	-885,500	67,300,000	12.53
T : XEG	2015-07-31	9,317,460	1,496,692	67,800,000	13.74
T : XEG	2015-07-15	7,820,768	583,800	64,600,000	12.11
T : XEG	2015-06-30	7,236,968	352,408	69,700,000	10.38
T : XEG	2015-06-15	6,884,560	1,146,278	68,700,000	10.02
T : XEG	2015-05-31	5,738,282	170,422	69,700,000	8.23
T : XEG	2015-05-15	5,567,860	-916,500	69,100,000	8.06
T : XEG	2015-04-30	6,484,360	846,200	70,900,000	9.15
T : XEG	2015-04-15	5,638,160	-3,155,326	70,800,000	7.96
T : XEG	2015-03-31	8,793,486	-217,615	67,000,000	13.12
T : XEG	2015-03-15	9,011,101	-922,910	70,500,000	12.78
T : XEG	2015-02-28	9,934,011	3,737,599	72,000,000	13.80
T : XEG	2015-02-15	6,196,412	-110,128	71,300,000	8.69
T : XEG	2015-01-31	6,306,540	-520,421	69,100,000	9.13
T : XEG	2015-01-15	6,826,961	752,520	73,000,000	9.35