Surge Energy Inc (Alberta) T.SGY

Yes please put me on ignore

[PUNJABI]

I have put two on ignore myself. I will try to avoid this board and leave it to the cheerleaders who have no clue about market dynamics. Let ignorance be bliss for them.

Anyone who does not want objective insight should then put me on ignore. If you want to make money in the stock market find red flags in your investments and be very realistic. A smart investor would like its money to work harder and faster. 

https://www.youtube.com/watch?v=ALxWOoRF31U



Most of the stuff I have been saying has been confirmed by PC. He did not fully answer the question that the share prices were depressed because of cheap dilution and reverse spit but said that there were venture funds that were dumping the dilution shares through Peters and National. Look at the house position for the last one month and you will see Anonymous the top seller then, Peters and National. National did have a few block trades.

Some of those shares are still coming out and they are coming out through Anonymous. I will educate the ones who don't know about Anonymous. There is a broker code option that allows mostly institutional platforms to hide the broker code. Retail platforms from major banks do have that option. Few retail trading platforms offer that and one if them is  Interactive broker gives you an option. you go to the setting and select the option and all your trades become anonymous. I have used it myself. Most of the trades that come out of Anonymous are institutional trades. Big accumulation and shorting are usually done by institutions using anonymous. Most trades from CIBC are HFT by CIBC itself but it also includes some retail trades which are only a fraction.


PC is also peddling the same research that is being used by ERIC about the rating of oil companies based on free class low. And I had posted about that.


It is true that this company is undervalued based on the FCF that it will generate and because this stock is laggard and other companies have run in prices. This stock is taking time but will catch up eventually. It is sitting in a penalty box because of the action of the company. The stock offers real value but still, other institutions have not fully absorbed the old cheap dilution.

Till very recently huge sales were coming out of Anonymous that is multiple institutions, Peters and National. The biggest distribution of 19 million shares net 6 million come out anonymous last month. There is HFT that takes place through Anonymous too.  National bank net sales for the month were only 242654 shares because some of the large trades were block crosses. On Jan 12 National crossed the following two blocks

09:54:00

H

5.30

0.07

2,084,789

80 National Bank

80 National Bank

ZW

10:40:39

H

5.40

0.09

5,000,000

80 National Bank

80 National Bank

Z

In the last month, alone From Dec 28 to Jan 28 about  60.7 million shares traded. From Jan 1 to Jan 28 about 58.6m shares traded In the whole month of December, only 15m shares traded. So in two months about 71.3 m shares traded. While some of the cheap shares have been absorbed not all. You would need three times the turnover of the entire float at least to absorb 50 % dilution of the entire float., CEO threw the old shareholder under the bus with cheap massive dilution and reverse split. Now all those cheap shares will not come to the market at current prices. In the interview, he admitted that the dilution of shares had impacted the share price. He said they were absorbed but that is not fully correct. 

One has to watch distribution coming out of Anonymous, Petters and National. If there are any crosses from National those may also be  dilution shares.


House Positions for C:SGY from 20211228 to 20220128

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
79 CIBC	9,665,579	56,280,378	5.823	7,449,406	43,415,271	5.828	2,216,173	-12,865,107
89 Raymond James	2,043,955	12,579,628	6.155	624,449	4,004,227	6.412	1,419,506	-8,575,401
74 GMP	1,227,065	6,753,316	5.504	34,185	197,273	5.771	1,192,880	-6,556,043
53 Morgan Stanley	1,339,971	7,916,487	5.908	291,555	1,793,075	6.15	1,048,416	-6,123,412
7 TD Sec	7,803,253	45,522,842	5.834	7,066,917	40,284,261	5.70	736,336	-5,238,581
65 Goldman	606,466	3,693,767	6.091	81,300	448,070	5.511	525,166	-3,245,697
2 RBC	2,531,326	14,749,494	5.827	2,256,717	12,616,985	5.591	274,609	-2,132,509
9 BMO Nesbitt	1,489,792	8,887,448	5.966	1,233,714	7,142,462	5.789	256,078	-1,744,986
72 Credit Suisse	205,286	1,234,876	6.015	26,933	157,132	5.834	178,353	-1,077,744
73 Cormark	172,700	1,154,552	6.685	0			172,700	-1,154,552
5 Penson	1,308,378	7,593,137	5.803	1,192,613	6,835,122	5.731	115,765	-758,015
14 ITG	182,783	1,135,799	6.214	86,339	529,236	6.13	96,444	-606,563
124 Questrade	391,221	2,258,290	5.772	318,125	1,847,210	5.807	73,096	-411,080
3 AltaCorp	60,100	387,344	6.445	0			60,100	-387,344
33 Canaccord	300,935	1,752,239	5.823	243,177	1,435,713	5.904	57,758	-316,526
82 Stifel Nicholas	123,600	626,240	5.067	90,000	552,140	6.135	33,600	-74,100
25 Odlum	42,392	226,600	5.345	15,807	93,660	5.925	26,585	-132,940
22 Fidelity	61,310	316,214	5.158	42,290	227,773	5.386	19,020	-88,441
68 Leede	26,000	168,586	6.484	8,186	49,431	6.038	17,814	-119,155
55 Velocity	5,391	32,530	6.034	794	5,164	6.504	4,597	-27,366
59 PI	33,430	187,356	5.604	30,068	170,348	5.665	3,362	-17,008
90 Barclays	3,300	21,627	6.554	0			3,300	-21,627
62 Haywood	30,024	162,291	5.405	27,006	140,636	5.208	3,018	-21,655
48 Laurentian	2,400	12,137	5.057	117	499	4.265	2,283	-11,638
84 Ind Trading	2,048	13,080	6.387	0			2,048	-13,080
76 Industrial Alliance	4,120	25,282	6.136	3,309	19,046	5.756	811	-6,236
19 Desjardins	411,366	2,371,064	5.764	416,000	2,416,107	5.808	-4,634	45,043
143 Pershing	2,450	14,432	5.891	7,914	40,079	5.064	-5,464	25,647
70 Manulife	0			11,280	62,457	5.537	-11,280	62,457
57 Interactive	37,232	216,120	5.805	52,545	291,422	5.546	-15,313	75,302
56 Edward Jones	0			16,500	70,950	4.30	-16,500	70,950
28 BBS	3,514	16,657	4.74	20,145	102,640	5.095	-16,631	85,983
83 Mackie	7,588	48,363	6.374	35,993	211,472	5.875	-28,405	163,109
13 Instinet	32,042	186,549	5.822	83,786	460,428	5.495	-51,744	273,879
200 Acumen	186,770	1,176,858	6.301	249,011	1,395,175	5.603	-62,241	218,317
39 Merrill Lynch	1,659,778	9,810,036	5.91	1,723,345	10,042,676	5.827	-63,567	232,640
88 Credential	216,500	1,279,269	5.909	296,845	1,688,200	5.687	-80,345	408,931
85 Scotia	1,389,609	7,978,322	5.741	1,501,130	8,509,276	5.669	-111,521	530,954
80 National Bank	9,311,261	51,448,538	5.525	9,553,915	52,395,823	5.484	-242,654	947,285
77 Peters	5,063,335	27,844,484	5.499	6,186,235	35,003,214	5.658	-1,122,900	7,158,730
1 Anonymous	12,760,061	75,102,586	5.886	19,466,680	116,530,138	5.986	-6,706,619	41,427,552
TOTAL	60,744,331	351,184,818	5.781	60,744,331	351,184,791	5.781	0	-27

House Positions for C:SGY from 20211201 to 20211231

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
7 TD Sec	2,851,816	11,769,449	4.127	2,537,053	10,467,248	4.126	314,763	-1,302,201
2 RBC	1,353,876	5,549,875	4.099	1,039,559	4,266,910	4.105	314,317	-1,282,965
79 CIBC	2,956,757	12,202,140	4.127	2,724,425	11,190,750	4.108	232,332	-1,011,390
222 JP Morgan	174,800	698,881	3.998	0			174,800	-698,881
33 Canaccord	205,730	832,951	4.049	97,888	395,990	4.045	107,842	-436,961
22 Fidelity	80,960	345,787	4.271	13,222	55,652	4.209	67,738	-290,135
82 Stifel Nicholas	60,000	260,181	4.336	19	79	4.158	59,981	-260,102
39 Merrill Lynch	622,010	2,558,602	4.113	586,415	2,429,372	4.143	35,595	-129,230
25 Odlum	19,849	84,974	4.281	1,852	7,752	4.186	17,997	-77,222
83 Mackie	10,566	42,149	3.989	521	2,169	4.163	10,045	-39,980
14 ITG	26,234	108,540	4.137	17,739	74,006	4.172	8,495	-34,534
13 Instinet	82,400	353,831	4.294	77,483	329,136	4.248	4,917	-24,695
72 Credit Suisse	13,700	58,097	4.241	10,167	40,959	4.029	3,533	-17,138
68 Leede	6,303	25,556	4.055	5,374	22,173	4.126	929	-3,383
70 Manulife	1,130	4,859	4.30	235	977	4.157	895	-3,882
48 Laurentian	0			117	499	4.265	-117	499
28 BBS	56,500	229,022	4.053	56,623	227,329	4.015	-123	-1,693
76 Industrial Alliance	1,720	6,692	3.891	2,542	10,030	3.946	-822	3,338
200 Acumen	0			888	3,655	4.116	-888	3,655
143 Pershing	3,426	14,613	4.265	4,615	17,906	3.88	-1,189	3,293
59 PI	2,500	10,815	4.326	5,796	23,180	3.999	-3,296	12,365
88 Credential	68,391	280,772	4.105	72,258	291,738	4.037	-3,867	10,966
19 Desjardins	72,476	306,904	4.235	77,396	321,790	4.158	-4,920	14,886
62 Haywood	10,000	43,562	4.356	15,205	64,831	4.264	-5,205	21,269
57 Interactive	18,213	74,256	4.077	27,682	114,840	4.149	-9,469	40,584
56 Edward Jones	0			17,544	75,449	4.301	-17,544	75,449
74 GMP	22,241	90,409	4.065	53,410	215,456	4.034	-31,169	125,047
77 Peters	0			44,817	196,153	4.377	-44,817	196,153
53 Morgan Stanley	136,980	567,465	4.143	192,434	796,833	4.141	-55,454	229,368
85 Scotia	351,114	1,443,815	4.112	410,787	1,683,657	4.099	-59,673	239,842
89 Raymond James	114,609	470,352	4.104	175,040	755,487	4.316	-60,431	285,135
124 Questrade	126,341	528,343	4.182	218,878	933,742	4.266	-92,537	405,399
5 Penson	465,378	1,908,050	4.10	583,622	2,404,758	4.12	-118,244	496,708
1 Anonymous	4,439,123	18,237,663	4.108	4,570,061	18,792,854	4.112	-130,938	555,191
9 BMO Nesbitt	523,369	2,142,662	4.094	704,507	2,870,121	4.074	-181,138	727,459
80 National Bank	224,713	935,543	4.163	466,728	1,906,600	4.085	-242,015	971,057
65 Goldman	27,500	115,688	4.207	317,823	1,312,367	4.129	-290,323	1,196,679
TOTAL	15,130,725	62,302,498	4.118	15,130,725	62,302,448	4.118	0	-50

[Baystboy07]

Unsure what the point of your post is....we know all of this already...forced sale for cash....I will bet forced acquisitions for equity for more production using equity to buffer the debt. I have been critical of managements lack of communication....we are being saved by high oil prices and I am glad we are finally hearing some communication from management and some honesty around the challenges

[Sunset48]

No you don't.  Please stick around and enjoy this ride with the rest of us.  And yes.....keeping posting for the benefit of us slow learners. Sunset from Monte Gordo, Portugal