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Bullboard - Stock Discussion Forum Surge Energy Inc (Alberta) T.SGY

Alternate Symbol(s):  ZPTAF | T.SGY.DB.B

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... see more

TSX:SGY - Post Discussion

Surge Energy Inc (Alberta) > Re: Annapolis
View:
Post by soundandfury on Nov 17, 2021 2:01pm

Re: Annapolis

Has seen 5% dilution in its sgy shares since the astra purchase..........this is do to the 12 million shares issued to acquire fire sky assets..........now combine that with a decline in share price of 60 cents per share from the 5.10 area and Annapolis has already lost over 15% of its original investment in surge............7 million dollars of the 51 million iriginally invested
Comment by pennydredful on Nov 17, 2021 4:18pm
they   raised   51 M   in  feb  2019   almost  3  years   ago.  There  is  likely  no  co relationship between   that    number   and   what   they  invested   in Astra   .  Do  you   think   the ...more  
Comment by Kontrary on Nov 17, 2021 5:17pm
16% dilution. 12M shares on top of 72M. 
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