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A pumpjack sucks oil out of the ground in a serene setting near Longview, Alberta, on April 8, 2000.
A pumpjack sucks oil out of the ground in a serene setting near Longview, Alberta, on April 8, 2000.
(Jeff McIntosh/The Globe and Mail)

Surge revealed as buyer of Longview Oil stake

The mystery suitor in a recent multi-part deal pulled off by a cluster of Calgary investment bankers has revealed itself. After Advantage Oil & Gas Ltd. sold its stake in Longview Oil Corp. in a bought deal, another firm purchased part of the stake when the bankers couldn't sell all the shares to investors. That firm, however, remained anonymous, until now: Surge Energy Inc. revealed Friday that it intends to obtain a large, strategic equity position in Longview.