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.

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Surge Energy Inc (Alberta)

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Post by PUNJABIon Jan 26, 2022 4:45pm

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Post# 34364183

Low priced dilution shares still being dumped

Today oil had spiked at the open and most oil stock gapped up at the open and ran including SGY. Most oil stocks traded higher for most of the say but the share price of SGY was knocked flat pretty fast and most of the day they traded flat to slightly down. After the FED chairman's speech, oil stocks gave up their gains but SGY tanked to $6.14. That was compliments of Peters > they did not sell all day but came out to sell the share during the last hour off trading sold most by hitting the bids sold 244450 shares rapidly at an average price of $6.359

During the day selling was coming out Anonymous. Out of a huge total volume of 4.5 million shares today Anonymous sold 2.2m shares. Net sales from Anonymous were 1.03951average selling price was 6.478 they sold most shares earlier at higher prices than Peters. Any time the stock spikes sellers from Anonymous dump shares. No idea how many shares they need to dump. Need to check the trading history of Anonymous after dilution.

A huge number of cheap shares were issued in the last financing and it is going to take time to absorb them. If the stock will not run then manual traders will avoid it and not waste their time. Algorithm with not run up the stock if it does not run and there is a constant distribution taking place

There are TWO very important lessons here

When a company is reckless and does massive dilution at rock bottom prices RUN and look for other stocks in the sector if you want your money to work faster and harder.

When there is a reverse split avoid that stock. Get out the moment the company announces a reverse split. In most cases, the stock will suffer. Don't understand why this company was in a rush for a reverse split because they are not listing or on an exchange or that has a minimum price requirment.

These factors do have an impact on the performance of the share price . Have seen it many times.

House Positions for C:SGY from 20220126 to 20220126

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	608,885	3,905,225	6.414	403,574	2,584,867	6.405	205,311	-1,320,358
2 RBC	274,300	1,767,852	6.445	77,362	500,258	6.466	196,938	-1,267,594
9 BMO Nesbitt	223,413	1,444,003	6.463	48,443	311,160	6.423	174,970	-1,132,843
80 National Bank	690,361	4,486,563	6.499	534,457	3,472,617	6.497	155,904	-1,013,946
39 Merrill Lynch	275,279	1,774,804	6.447	139,874	893,883	6.391	135,405	-880,921
85 Scotia	153,285	996,945	6.504	26,057	168,253	6.457	127,228	-828,692
79 CIBC	735,602	4,747,466	6.454	652,943	4,208,975	6.446	82,659	-538,491
53 Morgan Stanley	117,600	753,850	6.41	36,563	234,938	6.426	81,037	-518,912
3 AltaCorp	60,100	387,344	6.445	0			60,100	-387,344
200 Acumen	50,000	332,500	6.65	0			50,000	-332,500
14 ITG	53,123	350,035	6.589	24,549	160,261	6.528	28,574	-189,774
89 Raymond James	17,275	111,680	6.465	0			17,275	-111,680
65 Goldman	21,700	140,672	6.483	5,000	32,032	6.406	16,700	-108,640
19 Desjardins	9,105	58,515	6.427	500	3,320	6.64	8,605	-55,195
33 Canaccord	15,500	100,149	6.461	8,500	54,647	6.429	7,000	-45,502
22 Fidelity	6,700	41,643	6.215	0			6,700	-41,643
82 Stifel Nicholas	10,500	68,145	6.49	5,000	31,614	6.323	5,500	-36,531
88 Credential	5,166	32,528	6.297	0			5,166	-32,528
74 GMP	5,000	31,450	6.29	0			5,000	-31,450
72 Credit Suisse	7,200	45,278	6.289	2,600	16,656	6.406	4,600	-28,622
84 Ind Trading	1,471	9,267	6.30	0			1,471	-9,267
62 Haywood	1,200	7,680	6.40	0			1,200	-7,680
57 Interactive	1,300	8,291	6.378	100	648	6.48	1,200	-7,643
5 Penson	84,502	542,901	6.425	83,877	535,776	6.388	625	-7,125
55 Velocity	516	3,337	6.467	0			516	-3,337
90 Barclays	300	1,887	6.29	0			300	-1,887
59 PI	0			176	1,115	6.335	-176	1,115
25 Odlum	0			282	1,751	6.209	-282	1,751
13 Instinet	2,800	18,176	6.491	9,000	58,034	6.448	-6,200	39,858
124 Questrade	25,230	160,093	6.345	52,655	340,584	6.468	-27,425	180,491
77 Peters	0			258,350	1,643,443	6.361	-258,350	1,643,443
1 Anonymous	1,296,621	8,373,781	6.458	2,384,172	15,447,230	6.479	-1,087,551	7,073,449
TOTAL	4,754,034	30,702,060	6.458	4,754,034	30,702,062	6.458	0	2