Surge Energy Inc (SGY.TO) Buy, Sell or Hold

Surge Energy Inc (SGY.TO)

12.63

+0.25 (2.02%)

as of Oct 16, 2026, 8:00:00 pm Market Open.

307 watching

WATCH

Fallen 20% or so in the last week because of rumours that they are going to miss their guidance. Coming out with a new report on the 21^st of this month. Most analysts have a target price of around $12 a share. On a multiple and valuation basis it is extremely attractive. This is really “Sell on news” and “Buy on fact”. Doesn’t think there is much more downside to it but considerable upside.

DON'T BUY

Would be careful on this one. Solid team but really fell off the cliff in a hurry. Missed their Q3 numbers. Tried a completion technique that wasn’t working and then switched. Has been taking longer to get the wells to produce at the rates they expected. Also spent a lot more than they had intended. Concerned about their decline rates.

BUY

Been under pressure due to some operational challenges. Excellent management. Also, likes their assets. Produces a significant amount in natural gas although the story is more of an oil story at this time. Good price.

TOP PICK

Disappointing quarter last quarter. Production disappointing. Just a cheap story that gets better and is a survivor.

WAIT

They report tomorrow. Stock has been very weak. He always thought $6 was a very attractive entry point. Doesn’t want to buy ahead of a potentially very bad quarter. As long as it is not a dooms day report it could be a very attractive entry point tomorrow.

BUY

Not as bullish on this given his macroeconomic outlook on the smaller names but this is one he would be positive on. Very well managed. Lots of great prospects and good growth. No funding or balance sheet issues.

TOP PICK

Thinks it has the best go forward production. From 9000 now to 11000 bpd by end of year. Good at modern enhanced recovery. Strong balance sheet. Over 400 drilling locations in inventory. Great growth story for 3-5 years.

BUY

Has been a victim of the Canada selloff in resource and oil stocks. Now trading at its proved reserve value using a $90 long-term oil price, which means you are getting all of their probable reserves, possible reserves and all of their un-booked inventory for free. Very cheap.

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TOP PICK

Probably the best quality, most rapidly growing in the eastern Canadian basin. Great management team. Thinks this thing is in an upward growth curve.

WAIT

Well run company. Stock is not low enough for him to get excited. Would wait for a pullback.

BUY

This one has been a top pick out his for a long time and remains one of his favourite names because of the oil focus, the asset base and what the company is doing.

TOP PICK

Outstanding management. Have taken the company from 2000 barrels a day to 9000 in 18 months and are planning to take it to 30,000. Have sort of 5 mini companies within the company and have a very clear strategy on how they are going to do it. Also have 400 net drilling locations. Have a lot of ability to put a lot of holes in the ground. Planning to use waterflood to take oil extraction from 2% to 10%.

TOP PICK

In their former company, this management team posted something like 19 quarters of consecutive growth. Would rank this as a top tier management team. Good landholdings. Expecting them to exit the year at about 7500 barrels.

PAST TOP PICK

(A Top Pick May 7/10. Up 31.56%.) Very good at amassing land.

TOP PICK

Asset base from previous company was spread out and current management is trying to focus on some particular areas. History of making acquisitions that can be expanded and grown. Have a core area in Manitoba that is showing good results.

Showing 241 to 255 of 256 entries

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Surge Energy Inc (SGY.TO)