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 (1371) | Send Message
     
    Deal was forecasted in this article.

     

    http://seekingalpha.co...
    1 Apr 2014, 09:53 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs