Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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, Greater Sawn and Shaunavon. 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 potential for continued area consolidation. The Valhalla operation is offering stacked pay multi-zone potential with light oil and provides range of area infrastructure and access to multiple egress options supports attractive operating netbacks. The Shaunavon operation is producing low decline, medium gravity crude oil with high operating netbacks. Its Greater Swan operation consists of concentrated light oil asset with conventional slave point reefs.


TSX:SGY - Post by User

Post by VeritasVernon Mar 15, 2023 9:49am
263 Views
Post# 35339450

Oil market clearly are manipulated again today

Oil market clearly are manipulated again today With a decline of more than 4% and trading below $70, oil is clearly being manipulated lower despite OilPrice saying the following today:

a rebound in crude oil demand in China pushed crude oil throughputs at refineries higher by 3.3% over the first two months of the year. At an average of 14.36 million barrels per day (bpd), per Reuters, Chinese refinery throughputs in January to February compared with 13.98 million bpd for the first two months of 2022 and 14.1 million bpd for December 2022.

Oil prices were also supported early on Wednesday by data from the American Petroleum Institute (API), which showed a crude inventory build, but larger-than-expected draws in gasoline and distillate inventories.

“Overall the numbers are supportive. The crude build came in slightly lower than expected, whilst the draws in refined products were larger than the market was expecting,” ING strategists Warren Patterson and Ewa Manthey said early on Wednesday.   

<< Previous
Bullboard Posts
Next >>