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Surge Energy Makes ‘Exciting Reentry’ with Astra Oil Acquisition Surge Energy had previously exited the region through the sale of its southeast Saskatchewan and Manitoba assets in 2015 to Torc Oil & Gas for CA$430 million. Hart Energy Staff Your browser does not support the audio element. Surge Energy Inc. agreed to acquire Astra Oil Corp., which the company said represents an “exciting reentry” into southeast Saskatchewan for the Surge team. The Astra acquisition will be funded through the issuance of Surge common shares and the assumption of approximately CA$15 million of net debt for total consideration of roughly CA$160 million. The assets include more than 4,100 boe/d (90% liquids) of operated, light oil production with an operating netback of more than $42 per boe at US$65 WTI pricing. ....
CANADA STOCKS-TSX flat on dismal retail sales data; energy stocks gain msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.
Surge Energy Inc. Announces First Quarter Financial & Operating Results and ESG Update yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Opinion: Calgary private equity firm JOG shifts to carbon-capture opportunities theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail Bookmark Please log in to listen to this story. Also available in French and Mandarin. Log In Create Free Account Getting audio file . This translation has been automatically generated and has not been verified for accuracy. Full Disclaimer Inside the Market’s roundup of some of today’s key analyst actions Scotiabank analyst Jason Bouvier upgraded Cenovus Energy Inc. (CVE-T) to “sector outperform,” citing improving fundamentals, potential future positive catalysts for the stock, and attractive valuation. Mr. Bouvier, who previously rated the stock “sector perform,” also raised his price target to $12 (Canadian) from $9.25. Story continues below advertisement ....