Surge Energy Inc (Alberta) T.SGY

This amounts to a takeover by astra

[soundandfury]

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........

[Chris007]

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.

[kavern23]

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

[ppp]

This will be a dollar by the time the deal closes in Aug.

[kavern23]

looks like I likely called it...