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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Surge Energy Inc (Alberta) > Recent selling by National was not Short selling

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Post by PUNJABI on Apr 22, 2022 10:21am

Recent selling by National was not Short selling

During the one month from March 15 to April 15, National was the largest net seller. At one time they had iceberg orders and capped the share price. Some were speculating that National may be shorting the stock. Based on the short position reports for the period it is very clear that National was not shorting the stock but some with a long position selling.

During this month the short position actually dropped. In the last 15 days, shorts covered 395355 shares a little fuel to increase in share price. The position was not big anyway. Now the short position has become even smaller. Just 127412 or 1083002 pre consolidation shares left. This could be a trading position of HFT traders like CIBC

The current short position is a tiny fraction of .15% of total outstanding shares. This means there is no money in shorting the stock and can be assumed that it is undervalued at current oil prices.

HFT traders may have intraday or overnight short positions small short positions from time to time.

Short Positions for SGY

Symbol	Report Date	Volume	Change	Shares Issued	% Float
T : SGY	2022-04-15	127,412	-395,355	83,357,221	0.15
T : SGY	2022-03-31	522,767	-168,991	83,357,221	0.63
T : SGY	2022-03-15	691,758	59,878	83,357,221	0.83
T : SGY	2022-02-28	631,880	111,014	83,357,221	0.76
T : SGY	2022-02-15	520,866	-62,007	83,357,221	0.62
T : SGY	2022-01-31	582,873	51,501	83,357,221	0.70
T : SGY	2022-01-15	531,372	188,391	83,357,221	0.64
T : SGY	2021-12-31	342,981	19,947	83,357,221	0.41
T : SGY	2021-12-15	323,034	32,213	83,357,221	0.39
T : SGY	2021-11-30	290,821	-51,137	83,357,221	0.35
T : SGY	2021-11-15	341,958	64,673	83,355,987	0.41
T : SGY	2021-10-31	277,285	188,187	83,355,987	0.33
T : SGY	2021-10-15	89,098	-10,163	71,599,338	0.12
T : SGY	2021-09-30	99,261	-39,191	71,599,338	0.14

House Positions for C:SGY from 20220315 to 20220415

House	Bought	$Val	Ave	Sold	$Val	Ave	Net	$Net
1 Anonymous	11,733,616	102,851,746	8.766	9,249,189	80,595,217	8.714	2,484,427	-22,256,529
53 Morgan Stanley	993,297	8,882,218	8.942	452,083	3,919,081	8.669	541,214	-4,963,137
7 TD Sec	5,750,135	50,288,719	8.746	5,265,210	46,406,315	8.814	484,925	-3,882,404
82 Stifel Nicholas	338,000	3,109,488	9.20	169,997	1,533,477	9.021	168,003	-1,576,011
65 Goldman	465,862	3,936,814	8.451	331,169	2,835,554	8.562	134,693	-1,101,260
5 Penson	1,081,656	9,486,198	8.77	953,876	8,361,807	8.766	127,780	-1,124,391
200 Acumen	118,916	1,026,720	8.634	31,475	270,921	8.607	87,441	-755,799
91 Jones	66,500	525,997	7.91	0			66,500	-525,997
90 Barclays	64,600	550,950	8.529	270	2,216	8.207	64,330	-548,734
14 ITG	208,978	1,811,327	8.668	155,135	1,346,237	8.678	53,843	-465,090
13 Instinet	83,080	728,644	8.77	36,362	312,912	8.605	46,718	-415,732
62 Haywood	43,194	367,341	8.504	1,505	13,615	9.047	41,689	-353,726
72 Credit Suisse	40,938	366,728	8.958	19,234	164,599	8.558	21,704	-202,129
124 Questrade	265,664	2,327,532	8.761	246,845	2,152,256	8.719	18,819	-175,276
22 Fidelity	45,320	388,026	8.562	29,525	263,228	8.915	15,795	-124,798
143 Pershing	12,886	109,166	8.472	3,094	26,531	8.575	9,792	-82,635
55 Velocity	11,444	98,030	8.566	3,562	29,412	8.257	7,882	-68,618
83 Mackie	13,102	116,866	8.92	7,191	64,435	8.961	5,911	-52,431
84 Ind Trading	5,710	48,045	8.414	0			5,710	-48,045
48 Laurentian	3,500	28,752	8.215	0			3,500	-28,752
15 UBS	1,152	9,688	8.41	0			1,152	-9,688
222 JP Morgan	100,119	842,051	8.411	100,000	1,005,000	10.05	119	162,949
18 Echelon	30	255	8.50	0			30	-255
87 Beacon	0			1,000	8,204	8.204	-1,000	8,204
28 BBS	200,514	1,751,391	8.735	201,935	1,791,496	8.872	-1,421	40,105
57 Interactive	78,563	685,479	8.725	81,693	707,863	8.665	-3,130	22,384
70 Manulife	2,200	19,184	8.72	5,573	47,590	8.539	-3,373	28,406
59 PI	700	6,020	8.60	4,362	38,543	8.836	-3,662	32,523
56 Edward Jones	0			4,244	35,693	8.41	-4,244	35,693
68 Leede	3,000	25,125	8.375	15,106	131,876	8.73	-12,106	106,751
19 Desjardins	125,598	1,132,632	9.018	142,678	1,258,626	8.821	-17,080	125,994
25 Odlum	500	4,090	8.18	18,152	163,192	8.99	-17,652	159,102
39 Merrill Lynch	1,055,447	9,256,114	8.77	1,073,461	9,403,775	8.76	-18,014	147,661
76 Industrial Alliance	10,700	98,606	9.216	39,271	360,472	9.179	-28,571	261,866
88 Credential	152,717	1,322,749	8.661	192,942	1,701,047	8.816	-40,225	378,298
73 Cormark	47,500	425,189	8.951	89,800	804,040	8.954	-42,300	378,851
33 Canaccord	174,147	1,549,533	8.898	281,426	2,449,160	8.703	-107,279	899,627
77 Peters	30,000	245,434	8.181	226,900	1,883,144	8.299	-196,900	1,637,710
79 CIBC	6,579,343	57,508,381	8.741	6,819,382	59,488,769	8.723	-240,039	1,980,388
9 BMO Nesbitt	800,089	7,038,031	8.797	1,047,891	9,358,063	8.93	-247,802	2,320,032
85 Scotia	919,188	7,932,744	8.63	1,189,369	10,325,372	8.681	-270,181	2,392,628
74 GMP	6,500	52,671	8.103	329,654	2,795,093	8.479	-323,154	2,742,422
89 Raymond James	187,122	1,563,512	8.356	710,398	6,010,178	8.46	-523,276	4,446,666
2 RBC	2,099,140	17,879,928	8.518	2,989,444	25,580,604	8.557	-890,304	7,700,676
80 National Bank	1,482,117	13,002,555	8.773	2,882,381	25,755,068	8.935	-1,400,264	12,752,513
TOTAL	35,402,784	309,400,669	8.739	35,402,784	309,400,681	8.739	0	12