Surge Energy Inc (Alberta) T.SGY

SGY alive too

[PUNJABI]

Stock is trading with the sector and outperforming today for a change. Algos have taken over the stock with small-size orders mostly coming from Anonymous. Big volume. Unfortunately, CIBC still has a negative bias on the stock. The short position is tiny so they are not shorting but reducing their position from their treasury.  Very good volume for the first two hours.








House Positions for C:SGY from 20220307 to 20220307

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	324,980	2,890,657	8.895	163,494	1,453,421	8.89	161,486	-1,437,236
2 RBC	61,593	546,999	8.881	29,592	261,726	8.844	32,001	-285,273
39 Merrill Lynch	30,371	266,271	8.767	16,938	150,212	8.868	13,433	-116,059
91 Jones	10,000	87,062	8.706	0			10,000	-87,062
19 Desjardins	8,160	73,721	9.034	427	3,800	8.899	7,733	-69,921
85 Scotia	14,238	126,507	8.885	7,357	66,158	8.993	6,881	-60,349
57 Interactive	4,882	42,854	8.778	1,515	13,357	8.817	3,367	-29,497
53 Morgan Stanley	22,700	198,747	8.755	20,150	178,781	8.873	2,550	-19,966
59 PI	2,500	21,725	8.69	0			2,500	-21,725
14 ITG	2,146	19,169	8.932	619	5,560	8.982	1,527	-13,609
13 Instinet	800	7,092	8.865	0			800	-7,092
72 Credit Suisse	500	4,375	8.75	0			500	-4,375
68 Leede	0			420	3,780	9.00	-420	3,780
65 Goldman	0			1,600	14,244	8.903	-1,600	14,244
200 Acumen	569	4,999	8.786	2,940	26,568	9.037	-2,371	21,569
88 Credential	3,958	34,647	8.754	6,609	58,545	8.858	-2,651	23,898
33 Canaccord	0			3,528	31,699	8.985	-3,528	31,699
74 GMP	1,200	10,440	8.70	5,000	44,050	8.81	-3,800	33,610
80 National Bank	19,458	170,767	8.776	25,230	224,136	8.884	-5,772	53,369
124 Questrade	2,672	23,724	8.879	9,107	81,437	8.942	-6,435	57,713
89 Raymond James	0			10,000	90,000	9.00	-10,000	90,000
5 Penson	11,219	99,486	8.868	22,209	197,548	8.895	-10,990	98,062
9 BMO Nesbitt	20,638	184,486	8.939	50,461	448,462	8.887	-29,823	263,976
79 CIBC	137,017	1,215,194	8.869	183,746	1,633,037	8.887	-46,729	417,843
7 TD Sec	170,268	1,510,716	8.873	288,927	2,553,119	8.837	-118,659	1,042,403
TOTAL	849,869	7,539,638	8.872	849,869	7,539,640	8.872	0	2

[Baystboy07]

I do not believe CIBC has any $SGY in its "Treasury".... a much more likely explanation is the CIBC is one of the larger Prime Brokers in Canada and one of their hedge fund clients is doing the trading...Banks attract a 100% Risk weighing on stocks against their capital so very unlikely they hold it directly... I am also hoping with the oil price move management accelerates its dividend

[ACESover]

CIBC has been very active on both sides of the trade for months and months. I see them as a MM.and can create momentum as they choose. Don't over analyze. ACE$

[Baystboy07]

Not over analyzing just pointing out a fact...they are one of the largest prime brokers in Canada and they sure as heck are not holding $SGY in their treasury....  

[ACESover]

BBoy, I wasn't referring to your comment. I actually agree with your view point. ACE$

[Baystboy07]

Apologies...I struggle to figure out what replies are to what on here...Cheers

[steve957]

are earnings out today after the bell ?

[scienceguy36]

Probably wednesday after the bell

[zack50]

Scienceguy36... you are correct... as per Surge's Communications Analyst, Surge anticipates a press release reporting the Company’s Q4 Operating Financial results as well as year-end reserves on March 9th, after market.