Bay Street News

Surge Energy Inc. Announces Closing of $43 MM Asset Sales; Dividend Reduction; and Updates 2016 Guidance

CALGARY, April 7, 2016 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) announces the sale of its non-core Sunset property, and the facilities sale at Valhalla, for total proceeds of $43 million; reduction of the Company’s dividend; and updated 2016 guidance.

CLOSING OF…