RE:ShortsDivinvestor wrote: Huge jump in shorts these last two weeks. 3,943,028 added for the period of March 24th - April 7th. Also a huge wall poped up this week everytime SGY started to make a move. Someone is holding SGY back, any guessing why? Takeover coming?
Divinvestor, I don't know if I would agree with your dates, but you are absolutely correct about the massive increase in the short position. No doubt that someone is holding the share price in check!
On a somewhat different note, if it means anything or not, previously from the time that Surge announces the Notice of the AGM and record date, to the time of the release of the Management Information Circular is around 30 days. Since the recent Notice of the AGM and record date was released on March 5th, we should have seen the 2021 Management Information Circular by now!
Therefore, if we do not see the Management Information Circular released soon ( my guess is by the 13th) then indeed the company is in play!
Kherson
If I was part of the negotiations, I would be suggesting that the news of the deal be released this weekend! My acceptable takeout target would be 10 Surge shares for one Cenovus share.