Surge Energy Inc (Alberta) T.SGY

Low volume

[PUNJABI]

The volume on the stock is very low. The stock is not moving much.


In the last two weeks of March, the stock was knocked down by short-sellers.Someone using anonymous shorted about 4 million shares at an average selling share price of $.63

Today the stock is trading around $.58 the short seller is still in the money but not by much. Any buying interest will force them to cover.

I am surprised that someone would short the stock at so low prices and when WTI is above $60. Today WTI is above $64





Short Positions for SGY

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : SGY	2021-04-15	4,087,791	-166,396	339,784,739	1.20
T : SGY	2021-03-31	4,254,187	3,943,028	339,784,739	1.25
T : SGY	2021-03-15	311,159	-106,955	339,784,739	0.09
T : SGY	2021-02-28	418,114	-51,768	339,784,739	0.12
T : SGY	2021-02-15	469,882	112,647	339,784,739	0.14
T : SGY	2021-01-31	357,235	114,670	339,784,739	0.11

House Positions for C:SGY from 20210315 to 20210331

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
33 Canaccord	4,043,004	2,529,071	0.626	2,575,463	1,626,273	0.631	1,467,541	-902,798
2 RBC	4,474,746	2,809,735	0.628	3,419,091	2,137,142	0.625	1,055,655	-672,593
7 TD Sec	7,220,743	4,529,398	0.627	6,681,872	4,200,140	0.629	538,871	-329,258
89 Raymond James	246,233	152,386	0.619	21,515	13,251	0.616	224,718	-139,135
22 Fidelity	216,000	132,560	0.614	5,288	3,187	0.603	210,712	-129,373
14 ITG	179,000	111,580	0.623	5,200	3,185	0.613	173,800	-108,395
9 BMO Nesbitt	1,599,050	1,019,411	0.638	1,437,247	912,289	0.635	161,803	-107,122
76 Industrial Alliance	144,700	88,365	0.611	11,780	7,874	0.668	132,920	-80,491
55 Velocity	80,000	48,087	0.601	0			80,000	-48,087
77 Peters	77,000	49,280	0.64	0			77,000	-49,280
80 National Bank	1,371,940	865,680	0.631	1,307,019	810,704	0.62	64,921	-54,976
124 Questrade	574,925	358,950	0.624	532,491	331,418	0.622	42,434	-27,532
39 Merrill Lynch	34,527	21,173	0.613	7,500	4,780	0.637	27,027	-16,393
72 Credit Suisse	12,500	8,570	0.686	0			12,500	-8,570
70 Manulife	4,000	2,680	0.67	0			4,000	-2,680
83 Mackie	50,000	30,500	0.61	48,000	30,720	0.64	2,000	220
212 Virtu	4,677	2,902	0.62	4,750	3,044	0.641	-73	142
25 Odlum	5,000	3,200	0.64	5,500	3,300	0.60	-500	100
28 BBS	4,800	2,945	0.614	5,714	3,588	0.628	-914	643
53 Morgan Stanley	13,640	8,721	0.639	15,500	9,329	0.602	-1,860	608
57 Interactive	16,000	10,575	0.661	22,000	13,490	0.613	-6,000	2,915
19 Desjardins	586,480	379,395	0.647	597,900	375,333	0.628	-11,420	-4,062
62 Haywood	0			14,000	9,222	0.659	-14,000	9,222
5 Penson	312,258	195,072	0.625	331,336	210,969	0.637	-19,078	15,897
13 Instinet	444,380	274,498	0.618	483,150	300,948	0.623	-38,770	26,450
79 CIBC	4,445,513	2,785,353	0.627	4,491,039	2,810,806	0.626	-45,526	25,453
74 GMP	40,000	28,000	0.70	92,150	59,130	0.642	-52,150	31,130
88 Credential	218,829	138,675	0.634	291,676	185,984	0.638	-72,847	47,309
143 Pershing	2,000	1,360	0.68	104,000	64,160	0.617	-102,000	62,800
59 PI	0			177,000	112,375	0.635	-177,000	112,375
85 Scotia	1,228,060	784,582	0.639	1,501,322	931,773	0.621	-273,262	147,191
82 Stifel Nicholas	3,550,000	2,249,000	0.634	4,239,500	2,686,447	0.634	-689,500	437,447
1 Anonymous	7,955,200	4,993,146	0.628	10,726,202	6,753,981	0.63	-2,771,002	1,760,835
TOTAL	39,155,205	24,614,850	0.629	39,155,205	24,614,842	0.629	0	-8

[Sheshe1234]

i agree, any serious buyers and the shorts will be burned fast. i would suggest that they cover before news. which is fast approaching