Surge Energy Inc (Alberta) T.SGY

Surge enerdy

[Playacar]

Can anybody explain why surge energy stock keeps dropping.   Does nine point energy fund still own this or are they responsible for the price drop by dumping there 9.9 interest in surge

[lnggasfor202324]

Sgy's balance sheet isn't as good as Ath & Cj's.  It's funny how Paul doesn't mention that in his presentations, but just try's to bring out the good points about Sgy and anything negative seems to brush it under the rug and hide in the bushes about it.

[Carjack]

Nine points sold there position in part/whole for Precision Drilling Corporation.    Eric Nuttall   @ericnuttall · Jan 8  

[Al42]

Hmm...Morningstar still shows him as an owner of 9 1/2 million shares as of Decmber 31st 2023 https://www.morningstar.ca/ca/report/stocks/ownership.aspx?t=0P00005TL0&lang=en-CA Ninepoint Partners LP 9.47 4.33 Dec 31, 2023 9,500,000 0 — Dimensional Fund Advisors LP 1.48 0.26

[lnggasfor202324]

If he sells his position out, he could really push the price down I bet.

[uwebb429]

If you press the Insiders button at the top of this page you will see that Ninepoint has dumped more than 3 million SGY shares recently. That helps explain why the SGY share price graph looks like a ski hill. It will be a long time before it goes back up if oil stays low and the rest of Ninepoint's shares enter the market

[uwebb429]

It is the Ownership button at the top of the page that shows the dump.