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 May 16, 2016 11:16am

214 Views

Post# 24876869

SGY on the move

One main buyer GMP the stock is at this time over 200 sma. Need to stay above that.

GMP is buying shares & also crossing big blocks. SGY has about 8 million shares shorted. Around WTI $50 some the shorts will also be reduced.

House Positions for C:SGY from 20160516 to 20160516

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
74 GMP	1,256,700	2,969,799	2.363	906,100	2,146,755	2.369	350,600	-823,044
79 CIBC	202,706	477,279	2.355	117,465	278,584	2.372	85,241	-198,695
13 Instinet	76,500	178,641	2.335	35,400	83,225	2.351	41,100	-95,416
39 Merrill Lynch	148,600	348,882	2.348	111,200	261,985	2.356	37,400	-86,897
85 Scotia	69,846	163,158	2.336	36,500	85,885	2.353	33,346	-77,273
14 ITG	34,100	79,984	2.346	17,400	41,783	2.401	16,700	-38,201
15 UBS	4,300	10,040	2.335	200	467	2.335	4,100	-9,573
22 Fidelity	3,000	7,120	2.373	0			3,000	-7,120
99 Jitney	4,500	10,530	2.34	2,100	4,889	2.328	2,400	-5,641
72 Credit Suisse	4,600	10,763	2.34	2,600	6,064	2.332	2,000	-4,699
3 AltaCorp	943	2,224	2.358	425	987	2.322	518	-1,237
65 Goldman	4	9	2.25	0			4	-9
53 Morgan Stanley	1,900	4,456	2.345	2,900	6,775	2.336	-1,000	2,319
101 SG Capital	700	1,638	2.34	4,412	10,360	2.348	-3,712	8,722
124 Questrade	2,130	4,965	2.331	10,315	24,678	2.392	-8,185	19,713
11 Macquarie	250,000	597,500	2.39	260,000	621,000	2.388	-10,000	23,500
73 Cormark	49,300	116,324	2.36	73,300	171,778	2.343	-24,000	55,454
2 RBC	74,313	174,206	2.344	119,143	280,917	2.358	-44,830	106,711
1 Anonymous	551,206	1,303,333	2.365	605,400	1,421,656	2.348	-54,194	118,323
80 National Bank	15,200	35,897	2.362	84,249	197,600	2.345	-69,049	161,703
9 BMO Nesbitt	18,000	41,927	2.329	102,050	239,916	2.351	-84,050	197,989
19 Desjardins	9,800	22,863	2.333	136,700	318,826	2.332	-126,900	295,963
7 TD Sec	96,462	225,858	2.341	246,951	583,266	2.362	-150,489	357,408
TOTAL	2,874,810	6,787,396	2.361	2,874,810	6,787,396	2.361	0	0