Surge Energy Inc (Alberta) T.SGY

oil down 4% on essentially bullshlt news and speculation

[VeritasVern]

You have to wonder if the markets are manipulated. Oil and gas stocks are the cheapest of all sectors by far. SGY has a pe ratio of 2.53 currently. The only option is to hold and wait until the agorithms turn heavly in favor of an upward trend.

[Dibah420]

Some other options you missed:  buy some more,  sell some,  short some, cover call some, pray for the health of MBS....etc etc..

[VeritasVern]

Clearly the sell-off isn't over and shorting when oil is at $68-69 oil is risky. How is it that oil takes the brunt of the market sell-off time and again on the slightest news of economic decline, China, debt ceiling etc while other sectors are mostly spared? I think there is the general understanding that oil is the main driver of inflation and by bring oil down inflation costs decline. We

[Dixiedee]

Eventually the tight oil supply will command a hire price this day to day noise isn't the real picture of what is going on in the energy space these type of days are more of a buying opportunity than a selling one buying the dip on sgy maybe the right way to play it just my thoughts