Surge Energy Inc (Alberta) T.SGY

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

Energy Oil & Gas E&P

Surge Energy Inc. is a Canada-based oil focused exploration and production (E&P) company. The Company's business consists of the exploration, development and production of oil and gas from properties in Western Canada. It holds focused and operated light and medium gravity crude oil properties in Alberta, Saskatchewan and Manitoba, characterized by large oil in place crude oil reservoirs with low recovery factors. It offers exposure to two of the five conventional oil growth plays in Canada: the Sparky and SE Saskatchewan. It holds a dominant land position and is drilling a mix of horizontal multi-frac and horizontal multi-lateral wells in the Sparky area. Sparky is a large, well established oil producing fairway in Western Canada. SE Saskatchewan is a focused operated asset base with light oil operating netbacks. SE Saskatchewan operates low-cost wells with short payouts and offers potential for continued area consolidation.

TSX:SGY - Post by User

Surge Energy Inc (Alberta)

Bullboard Posts

Comment by PUNJABIon Aug 24, 2015 7:31pm

159 Views

Post# 24047509

RE:RE:Question for Punjabi

I think the one hour delay after close is because TSX allows 45 minutes of after hour trading at the closing price which starts after 15 minutes after the markets closes.

If there is a market on close imbalance before close it can be settled right at the close and fixes the closing price . These days about 99 % of MOC trades are settled right at close. I think it is at the discretion of the specialist to settle MOC trade right at close or after 10 minutes of close. At one time all MOC trades were settles 10 minutes later. Then you have about extra 5 minutes to cancel the orders. After that after hour trading starts for next 45 minutes at the closing price which is after the MOC settlement.

Bullboard Posts

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