Post by
ACESover on Nov 09, 2022 12:35pm
Harsh take down
Seems to me the Surge sell off today below the $9.25 over subscribed bougt financing deal is the manipulators at work playing the overall weakness in markets and news on US oil inventories. It's amazing how a $2.20 downtick in WTI always over amplifies a $4.00 uptick. Currently near the low ($9.06) of the day at $9.10 and I suspect price to stabilize higher towards end of the trading day.
ACE$
Comment by
Baystboy07 on Nov 09, 2022 1:12pm
I would have been quite happy without this acquisition...almost feels like the Mount Bastion acquisition all over again...FFS...pay you damn debt down and return money to shareholder...when will these fuc$ing morons ever learn.
Comment by
Tradestay on Nov 09, 2022 1:37pm
This week inventory also showed 3.6M Barrels came out of SPR so that explains the build in comemrical inventory. Gasoline came in at 9M a day usage so thats great news for this time of year.
Comment by
pennydredful on Nov 09, 2022 2:11pm
or it could be Enerplus dumping their takeback shares
Comment by
Baystboy07 on Nov 09, 2022 2:20pm
$ERF does not have any shares.....the deal has not closed...it closes December 19...also I doubt they are shorting in expectation of close as $SGY is probably not an easy borrow to be able to short.