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Surge Energy Inc (Alberta) T.SGY

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

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

Bullboard Posts
Comment by unc12345on Oct 09, 2020 1:00pm
158 Views
Post# 31696148

RE:Interesting

RE:InterestingI'm not sure what you are looking at for a price, but to me it's pretty simple.  There was a spread between bid and ask, with neither side willing to come up or down (and do a market order), so no trade takes place during that time (limit orders, no flexibility in price).  The price "holds" at 19 cents because that was the last price it was traded at (because no trades took place).  The last price is just that, and it has no bearing on the next trade, especially in a thinly traded stock like this one.
Bullboard Posts