Surge Energy, Inc. (ZPTAF) - OTCPK - Current
  • Apr. 1, 2014, 9:46 AM
    • 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.
    | Apr. 1, 2014, 9:46 AM | 1 Comment
  • Feb. 10, 2014, 10:29 AM
    • Longview Oil (LGVWF +10.2%) says it is reviewing an unsolicited, non-binding takeover offer from an unidentified public company.
    • Longview provides few details except that the prospective bidder would pay for the deal with its own shares.
    • The company adopts a shareholder rights plan as a defensive move to provide its board with time to evaluate the offer and alternatives.
    | Feb. 10, 2014, 10:29 AM | 1 Comment
Company Description
Surge Energy Inc. is an oil focused E&P company that has a high quality crude oil reserve, production and cash flow base.
Industry: Major Integrated Oil & Gas
Country: Canada