An anonymous representative of OTC Markets Group reports
OTC MARKETS GROUP WELCOMES SURGE ENERGY INC. TO OTCQX
Surge Energy Inc. has qualified to trade on the OTCQX Best Market. Surge Energy upgraded to OTCQX from the Pink Ltd. market.
Surge Energy begins trading today on OTCQX under the symbol SGYEF. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the company on the OTC Markets website.
Upgrading to the OTCQX market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the United States. To qualify for OTCQX, companies must meet high financial standards, follow best-practice corporate governance and demonstrate compliance with applicable securities laws.
About
Surge
Energy
Inc.
Surge Energy is a leading intermediate Canadian public oil company that produces 24,000 barrels of oil equivalent per day (89 per cent light and medium gravity conventional crude oil). Surge has a dominant operational position in three of the top five most economic oil plays in North America, and its Sparky and southeastern Saskatchewan premium, low-risk oil assets possess large reservoirs, low recovery factors, high netbacks, quick well payouts and a significant 12+ year development drilling inventory. Surge offers investors a deep value opportunity to invest in a low-risk conventional medium/light gravity public oil company with an attractive dividend and low payout ratio.
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