Surge Energy getting ready to surge?

95 0 1
Like most oil             & gas companies Surge Energy SGY             .TO fell sharply today (-15%) and is down by more than 1/2 since the end of November.
The stock looks like it will find support at $2.80, which was tested previously in early 2013.
Current dividend (21%) signals a cut is pending. However, the company has 34% of production hedged at CAD$100 for the first half of 2015, and 14% @ $93 for the second half of 2015.
Insiders continue to actively buy. For example Robert Leach (director) has purchased over 300,000 shares since the first of October at prices ranging from $6.70 - $3.85, most recent being 26,000 @ $3.93 on Dec 19.
Obviously Surge will trade in harmony with oil             prices, but it's looking like the stock will find support at $2.80. I'm long at $2.82 looking for a rebound to resistance at $5.44 (+92%) Stop loss at $2.40.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out