I am thinking about purchasing a Penn Squidder 140L any thoughts on this reel? Does it cast well? any info would be greatly appreciated!

This reel is the best Penn has to offer, for casting.

It is the best for the money ($60)
The best that Penn has is the GS reels($110.) and the International Casting reels ($140-180)

the GS series reels are good for casting purposes. I wasn't aware of this.