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Surge Energy Inc (Alberta) T.SGY

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

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

Bullboard Posts
Comment by PUNJABIon Aug 25, 2015 10:20am
91 Views
Post# 24048671

RE:RE:Short trades disclosure shoul dbe improved

RE:RE:Short trades disclosure shoul dbe improvedI do not have a problem with short selling. There is a role that short sellers can play. What I am saying is that there should be more disclosure. Which should even the playing field between a short sellers & long shareholder.  The secrecy gives the short sellers some protection & an edge. The system needs to be more transparent

The broker has a pool of shares. They lend shares from the  pool.  It is like you deposit cash in the bank the bank may give the same cash to other deposit holder or to borrower. They have a record that you have cash with them & can withdrawal whenever you want. At the time of  withdrawal they will use their pool of cash to pay you they do not have to collect the loan. It is cash management. Brokers mange shares. They cannot prevent you from selling your shares at anytime.  They may have bit edge on you if you use leverage / margin to buy those shares. Still they cannot stop you from selling whenever you want. However on the other hand they can call in loaned shares whenever they want which can result in a short squeeze if large number of shares are called in.

I recall  last time Air Canada went bust the shares would not go down a certain point & they use to pop from time to time as a result of short squeeze & naked short covering.  It was very close to restructuring date.

Like donor registry  the shareholder should have the option to out, & the broker should not be allowed to use the shares for lending. Then he will not be able to lend  restricted shares from their pool.

At this time only way you can prevent this is by having the share certificate with you. Which is not particle.

Instant disclosure of short sales can will even out the playing field for all players in the market.

Bullboard Posts