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Bullboard - Stock Discussion Forum 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, and Greater Sawn. The Sparky operation offers light/medium crude oil production with... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Annapolis bought into astra with $50 million
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Post by soundandfury on Dec 04, 2021 5:18pm

Annapolis bought into astra with $50 million

The annapolis investment in astra and ultimately sgy involved 1 entity from quebec and 11 other individuals from alberta..........imo the quebec investor was ( money which originated from the sale of totem building supplies to rona for $100 million in 2006 )..........this fund is listed as "actively managed"................this accounts for about 30% of the astra deal money.........so this $50 million was the cash recieved by the original astra owners for 30% stake in astra........which is now about 10% of surge
Comment by littledave55555 on Dec 04, 2021 9:19pm
Interesting but why wouldn't they allow the company to go up to 6 or 7 dollars a share before sell ??? They could still make some good money on this one... but I guess its the same as equinor sell Ath ... at 18 cents when the stock price just started to go up .. I"M guess tax right off.... 
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