Seeking Alpha

Surge Energy acquires Longview Oil via $429M share exchange

  • Surge Energy (ZPTAF) agrees to acquire Longview Oil (LGVWF) in a share exchange that values Longview shares at C$5.99 each.
  • Surge is offering 0.975 of a share for each Longview share in the friendly deal, which the companies value at ~C$429M.
  • Surge says the proposed transaction is accretive on all metrics, and adds concentrated reserves, production, land and operations that are contiguous with its existing core areas.
Comments (1)
  • Chris Damas
    , contributor
    Comments (1313) | Send Message
     
    Deal was forecasted in this article.

     

    http://seekingalpha.co...
    1 Apr, 09:53 AM Reply Like
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