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TSE:SGY

Surge Energy Inc (SGY.TO)

9.85
+0.16 (1.65%)
as of Jun 17, 2026, 6:10:00 pm Market Open.
298 watching
0
Investor Insights
star iconJun 16, 2026, 12:00 am

This summary was created by AI, based on 5 opinions in the last 12 months.

Surge Energy Inc (SGY-T) is considered a small-cap oil producer that has demonstrated consistent performance, yielding attractive dividends ranging from 5.1% to over 7%. Experts note its low decline rates and a substantial drilling inventory of approximately 12 years, making it an appealing option for income-focused investors. However, its small market capitalization raises concerns about institutional interest, which may limit its growth potential. While the balance sheet is described as strong, analysts suggest that there are other stocks with better growth prospects and inventory available. In summary, Surge is seen as a well-managed company but potentially underperforming due to its size and lack of institutional attraction.

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Consensus
Hold
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Valuation
Fair Value
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Similar
GearEnergy, GXE
TOP PICK

Generating good cash flow that will feed the dividend, share buybacks and production growth. Good managers and positioning. They've had good drilling results. SGY can make money if oil is above $75.

(Analysts’ price target is $12.80)
BUY

Owns ~9% of company.
Quality company.
Good exposure to "Fish bone" drilling.
Not on institutional investor radar.
Expecting share price to rise to ~$16. 

HOLD

Good exposure to multi-lateral drilling. So you get better productivity for a slightly higher cost. Excellent results. Assets are very good. Dividend is safe. A patient hold. Upside once mid-caps are in favour again. See his Top Picks.

BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

EPS of $0.15 missed estimates of $0.1733 and revenues of $152.66M missed estimates of $158.8M. SGY delivered an increase in production of more than 22% over the prior year, and despite a drop in the price of oil, Surge's cash flow from operations increased by 4%. Management noted for its outlook it intends to continue to pay down debts, conduct share buybacks, and the possibility of a special dividend. The results were OK, it has traded sideways for roughly a year, but it is paying a ~6.0% dividend. Like most oil and gas stocks right now, it is trading at a cheap valuation, paying a good dividend, and has a strong balance sheet. We like the company's potential for a special dividend, and it is well-capitalized. If an investor has a positive outlook on the price of oil, we would be comfortable buying here.
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BUY

Owns 9.9% of company.
Having success on new drilling technique.
Lots of land for future drilling.
Expecting return of capital to shareholders.

BUY
Recently bought 9.9% of company. Implemented new design on oil well drilling. Quality company with strong prospects. Current share price mis priced. Share price target is $22 in the next 1.5-2 years.
BUY
Recently invested into the company. Is largest shareholder. Currently trading a ~1.9 cash flow. Expecting large pay down of debt and share buybacks. Planning for a double on the share price.
Unspecified
A smaller company but nothing wrong with it. Has paid down debt and is paying out an increasing amount of free cash flow.
HOLD
One of the few small cap energy stocks that doesn't own (hard to buy meaningful positions). Inexpensive stock that is trading at 1.8x cash flow and 35% free cash flow yield. Expecting company to be debt free this time next year. Hold shares if already own them.
BUY ON WEAKNESS
Working on cleaning up balance sheet. Potentially in the $20s in the next couple of years. 5-year price target of $40. Still a long way to go. Buy on weakness. Free cashflows at today's commodity prices will be spectacular, and this will attract investor attention.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The results were positive. Production was up 22%. Cash flow more than doubled on a per share basis. The dividend should be reinstated this year. Results were ahead of estimates and the stock has taken off. Unlock Premium - Try 5i Free

BUY
Believes company has room to grow. Owns company shares. At $100 oil, company is very under valued.
BUY
Looks quite strong. Valuation attractive. Should be able to capitalize on their acquisitions. On his radar. He owns BIR and AAV.
DON'T BUY
Has gone through a couple iterations. Paid down debt through selling assets. If the company cannot return meaningful capital back, there is no catalyst. It is not attractive enough for him.
DON'T BUY
Consolidation of the small and mid-cap names is an important theme. There are better names to own in the space.
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