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.

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Surge Energy Inc (Alberta) > This amounts to a takeover by astra

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Comment by kavern23on Jun 23, 2021 9:36am

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Post# 33433591

RE:RE:RE:This amounts to a takeover by astra

looks like I likely called it...

kavern23 wrote: Just because I won't own SGY...I will admit...if oil sentiment is strong tomorrow at open....SGY should go up to at least 75 cents..and more then likely even 77-80 and a new high.
This decreases chances SGY goes banktupt so market will react postively...I doubt SGY goes down on this deal tommorrow...be a shocker.

Good analogy...a Rainy River s assets saved Baytex from the sale bin during the hard periods...these Astra assets could help Surge pull through for better times.

Chris007 wrote: Kinda reminds me of the Baytex-Raging River merger, several years back. That deal wasn't kindly received by the market.

I guess we wait and see how things play out tomorrow.

soundandfury wrote: Assumeing astra was the main buyer of the 38 million flow through shares and now 229 million more shares to astra .......that is 267 million shares of sgy owned by astra oil corp.........304 million is 50%........cant see sgy diluteing the flow through shares by 50% only 2 weeks after they got issued........