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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

Post by PUNJABIon Jan 26, 2022 4:45pm
335 Views
Post# 34364183

Low priced dilution shares still being dumped

Low priced dilution shares still being dumpedToday 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


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