Ninepoint Partners OutNinepoint Partners unloaded their entire 9.5M shares of SGY into the market during Q4.
https://stockhouse.com/companies/ownership?symbol=t.sgy And no, SGY has not been in free fall for six months. SGY peaked three months ago at $9.77 on November 2nd. The drop in the price of WTI from $93 to $73 and AECO natural gas under $1.80 during the middle of winter is the main reason for the sell off of most Canadian oil and gas companies during the last few months. The unloading of 9.5M SGY shares in a couple of months helps explain the rest of the recent share price drop since November.
If Paul and his team can drill some more 300 boe/d wells in SE Saskatchewan, SGY will head higher when the price of oil rebounds this summer.