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Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  T.SGY.DB.B | ZPTAF

Surge Energy Inc. is a Canada-based oil focused exploration and production company. The Company’s business consists of the exploration, development and production of oil and gas from properties in western Canada. Its operations include Sparky and SE Saskatchewan. Its supporting assets include Valhalla, and Greater Sawn. The Sparky operation offers light/medium crude oil production with compelling returns. The SE Saskatchewan operation maintains asset base oil operating netbacks. It has low-cost wells with short payouts and the potential for continued area consolidation. The Valhalla operation offers a stacked pay multi-zone potential with light oil and provides a range of area infrastructure and access to multiple egress options supports attractive operating netbacks. Its Greater Swan operation consists of concentrated light oil assets with conventional slave point reefs.


TSX:SGY - Post by User

Post by zack50on Mar 05, 2021 10:27am
149 Views
Post# 32727347

As I post...

As I post...
Last: 0.61   Change: 0.08    Volume: 3,214,419   Last Trade: 10:23  

  Level ll Quote
  Bid   Ask
  Price   Total Size   # of Orders   Price   Total Size   # of Orders
$0.60 479500 19 $0.61 27000 5
$0.59 66500 12 $0.62 116000 15
$0.58 71500 15 $0.63 229500 31
$0.57 103500 12 $0.64 103000 23
$0.56 124500 11 $0.65 267000 39
$0.55 182500 16 $0.66 110500 15
$0.54 126000 6 $0.67 95000 8
$0.53 47000 8 $0.68 72500 6
$0.52 120500 9 $0.69 7000 2
$0.51 12000 4 $0.70 54000 14

Surge finally has some relief on the credit side and access to a greater credit faciltiy. They don't have to undergo mandatory asset sales for this year.

The company seems to be very bullish regarding the price of oil... they say in their press release how radical the shift has been in oil prices and that it should continue. They are obviously very oprtimistic as to where they can bring the company. 
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