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

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Surge Energy Inc (SGY.TO)

10.60

+0.18 (1.73%)

as of Aug 14, 2026, 8:00:00 pm Market Open.

306 watching

Investor Insights

Aug 16, 2026, 12:00 am

This summary was created by AI, based on 7 opinions in the last 12 months.

Surge Energy Inc (SGY-T) is a small-cap oil producer primarily focused on conventional production in Saskatchewan and Alberta, with a strong emphasis on waterflooding technology that has yielded impressive results. Despite its superior production capabilities and long inventory life, it struggles with visibility in the market due to its size, leading to limited institutional interest. The company has a commendable dividend yield between 5.1% and 7.43%, appealing to income-focused investors. Analysts suggest that there is significant upside potential, with price targets indicating a favorable outlook compared to its current trading multiples. While some reviews highlight the need for a catalyst to attract larger investors, SGY-T remains an intriguing option for those looking to capitalize on undervalued small-cap energy stocks.

Consensus

Positive

Valuation

Undervalued

Similar

CNRL,CPG

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.

COMMENT

There were developments where activists are pressuring banks to no longer lend to energy companies. However, energy is one way for the country to get out of the debt problem and in his opinion this is even more reason to be bullish.

DON'T BUY

Right now, you want to focus on oil over gas, and in the small to mid cap space. He's always struggled with owning this. Highly leveraged. There are better opportunities. It's going to be a laggard. For now, you want to be in name brand companies.

PAST TOP PICK

(A Top Pick Jun 20/19, Down 66%) Of course, have been impacted by oil prices. They continue to pay down debt. Q2 and Q3 will have lower cash flows. It's been beat up and have a slight bounce from the low. He'll buy in Q4 during tax-loss selling. Nothing to move this stock up in the near term, though. It could fall below 30 cents in the next few quarters. Likes the company and its assets.

PAST TOP PICK

(A Top Pick May 24/19, Down 76%) They are producing 20,000 bpd -- 86% oil. The key issue is the balance sheet. They have been paying down debt, but took a large impairment loss that dropped their equity by $591 million. This has left them in a high debt to equity position. They have cut the dividend. He has lowered their target and won't buy more until they knock the debt down substantially. They have shut-in production of 4400 boepd, that is currently uneconomic. His target is $1 per share by Q4.

DON'T BUY

This is a never ever buy for him. They require $48 to keep production flat and pay the dividend. He prefers others.

PAST TOP PICK

(A Top Pick Feb 28/19, Down 23%) The company has come down, but he will continue to hold and will add to his position.

TOP PICK

He likes their dividend model. They are 85% liquids. He thinks they could increase the dividend come 2021. It trades at 2 times cash flow currently. His target is $2.41 per share. Yield 9.62% (Analysts’ price target is $1.58)

SELL

There are other positions where he is more comfortable with management, the assets and the payout ratio. He prefers others. Buy TOG-T or WCP-T in tax loss selling.

PAST TOP PICK

(A Top Pick Dec 17/18, Down 25%) 10% monthly paid dividend. He will be buying more of it. His target is $2.40 on $70 oil. Buy during tax loss season. They paid down a lot of debt. He likes the company and sees it growing nicely in the years ahead. (Analysts’ price target is $1.59)

TOP PICK

A 10% monthly dividend is attractive. They are knocking off the debt. [See his Past Picks for more]. (Analysts’ price target is $1.59)

DON'T BUY

Tax loss sell? He thinks tax loss selling may create a risk that you miss out on the gains. He would stay in the sector, don't move into cannabis or something else. He does not have a lot of confidence with this management team. He sees better alternatives.

DON'T BUY

There are other names he prefers. The market cap has become too low to attract institutional investors. Yield 8.7%

PAST TOP PICK

(A Top Pick Nov 19/18, Down 30%) It is a dividend model and is a great one to buy. Next year it should have the ability to raise the dividend. It is sustainable right now.

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Surge Energy Inc (SGY.TO)