Surge energy
Posted: Tue Nov 22, 2022 12:12 pm
A piece of good news
https://surgeenergy.mediaroom.com/2022- ... -FINANCING
They sold 70 m at 9.25 Canadian and gave the underwriters an option to buy more. With the latest weakness in oil prices, the name traded under the 9.25 offering price and the underwriters didn't exercise the over-allotment.
This removes the overhang of the over-allotment.
I added this morning and got a price BELOW the 9.25 offering price.
https://surgeenergy.mediaroom.com/2022- ... -FINANCING
They sold 70 m at 9.25 Canadian and gave the underwriters an option to buy more. With the latest weakness in oil prices, the name traded under the 9.25 offering price and the underwriters didn't exercise the over-allotment.
This removes the overhang of the over-allotment.
I added this morning and got a price BELOW the 9.25 offering price.