Bullboard - Stock Discussion Forum 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... see more

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TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > EHP Select Alt CI F

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Post by SC2021 on Feb 04, 2022 7:06pm

EHP Select Alt CI F

SHORT 2,585,000 as of Jan 2022

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Comment by fortunefavorsus on Feb 04, 2022 9:29pm

Wow that is a large short position for as little shares available. Is this the firm listed below shorting. SGY now doesn't meet any of their paramters for shorting with oil prices and FCF soaring. Hope they get torched soon! The most explosive upsides occur in a stock when douchebags overly confident in their short get surprised by some real positive news. We are an ...more

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Comment by Baystboy07 on Feb 04, 2022 10:27pm

They are probably using $SGY as the shirts side of a pairs trade. So most likely their real risk is basis risk vs the other stock.

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Comment by fortunefavorsus on Feb 05, 2022 8:22am

Another possibility besides pair trade one fund could be short while another fund could be long.in Surge. This makes it easy for them to control the stock price on a low volume day. For example the long fund sold some shares in the morning allowing the short fund to cover some shares at lower prices.. Sounds like they are trying to hedge position. Depending on the environment ...more

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