Surge Energy Inc. closed its $58-million acquisition of Fire Sky Energy Inc. on November 1, 2021, marking one of those strategic moves that signal both corporate ambition and the ongoing consolidation shaping Alberta’s energy sector. The deal saw Surge issue approximately 11.2 million common shares and assume roughly $3 million in debt to absorb Fire Sky through a statutory amalgamation, bringing all of the smaller company’s assets under one roof.
For those of us watching Calgary’s energy scene, these acquisitions have become familiar territory. They’re part of a broader pattern where established players snap…
