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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

Comment by daniel004on Feb 08, 2021 8:15pm
210 Views
Post# 32508472

RE:RE:Share price manipulation

RE:RE:Share price manipulationKherson, What do you make of the recent run-up? Since you contend that the SP had been purposely manipulated downwards, what's changed in the last 2 trading days?
SGY has suddenly outperformed all peers. Seems strange, doesn't it? Or are we finally where we should be in the pack?

GLTA - Dan
daniel004 wrote: Thanks Kherson. I actually do read your posts and I ignore most of your bashers.
As a long time bagholder, I do believe manipulation occurs and can affect short term and even medium term share price.
But for us longs, and with patience, the share price will eventually reflect basic metrics compared to peers. It has to.
Major shareholders and SGY executive know the value of the assets. I don't worry about the company or assets being scooped up on the cheap.
I'm more worried about global investor sentiment and Covid effects and I don't expect to recover all my losses, just some. 
GLTA, Dan
Kherson wrote: Being a holder of this stock for awhile now and having had the opportunity to watch the trading now and then, I can honestly say that this stock has been purposely manipulated downwards simply because someone wanted to acquire the Sparky asset on the cheap.
Here is something else to consider: https://community.oilprice.com/topic/22563-important-article-by-oilpricecom-editor-naked-short-selling-the-truth-is-much-worse-than-you-have-been-told/

Kherson
 




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