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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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

TSX:SGY - Post Discussion

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Post by PUNJABI on Feb 09, 2022 11:51am

Buyer

See a buyer for a decent order want to see if sellers will hit the bid to fill the order. and if this is part of bigger buying.

The bids have gone up to $6.6

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Comment by PUNJABI on Feb 09, 2022 12:05pm
Did not take long for Anonymous to drop shares on the bids and fill it. This show has been going on for a while now.
Comment by fortunefavorsus on Feb 09, 2022 12:13pm
Isn't that the old story they hold it down so that some big clowns can get in cheap!
Comment by fortunefavorsus on Feb 09, 2022 12:41pm
I have seen before where a bank was accumlating shares to fill a large buy order from a company.  Lets hope SGY is about to start a buyback program.  A 2 million buy would be a nice start.
Comment by fortunefavorsus on Feb 09, 2022 1:08pm
Through hedging SGY could guarantee its cash flow to start a buyback or dividend early.  I think they can easily do 85 million FCF the first half and have it hedged in.  Pay down debt 50 million and start buyback and dividend in May.
Comment by 1970Craig on Feb 09, 2022 5:32pm
  I am a strong believer we are way undervalued . Today I put a buy order into round out my share count into a even number.   I would imagine the buyer was me ?  My buy order was for 81500 at limit of 6.35 ?  I actually bid up 1 cent to 6.35 becsuse the volume is brutally low ?      I actually pondered raising the bid and when I went to do so as I always do one ...more  
Comment by pennydredful on Feb 10, 2022 3:14pm
Rambling and  incoherent  to summarize  your remarks.
Comment by 1970Craig on Feb 10, 2022 4:32pm
Appreciate the feed back Pennydredful.   Will work on the rambling as far as incoherent I can't fix that !   Can't fix stupid !!   Lol.      Craig. 
Comment by fortunefavorsus on Feb 10, 2022 4:52pm
Don't feed the trolls Craig.  Unfortunately Stockhouse has some of the most deranged posters on the internet.  Just put them on ignore.
Comment by pennydredful on Feb 10, 2022 9:37pm
glad  you  took it  in good humour.
Comment by 1970Craig on Feb 11, 2022 4:46am
Always !     C 
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