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) > New high with RSI running cool.

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Post by PUNJABIon Apr 14, 2022 11:27am

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Post# 34603888

New high with RSI running cool.

That CIBC block of 50000 shares was moved from $9.48 to $ 9.56. looks like retail sellers. He could break down the order and sell at different price levels at the stock runs. Cant be the CIBC trading desk capping the stock with just 50000 shares. They would post multiple blocks at different levels and move them higher as the price increases. This is not the capping of the stock and is most likely a retail seller.

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