TSE:SGY

Surge Energy Inc (SGY.TO)

10.60
+0.18 (1.73%)
as of Aug 14, 2026, 8:00:00 pm Market Open.
306 watching
0
Investor Insights
star iconAug 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.

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Consensus
Positive
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Valuation
Undervalued
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TOP PICK
Yield is still north of 8%. He has a $2.40 target. He sees the dividend being raised next year if oil is $70. Insiders are significant shareholders. (Analysts’ price target is $1.78)
TOP PICK
He has a $2.40 target. 9% dividend. 84% liquids. People should look at these kinds of names. Next year they could potentially raise the dividend. (Analysts’ price target is $1.78)
DON'T BUY
All junior energy stocks have gone through hell and back, and we're enter weak seasonality. Wait till after tax-loss selling season before considering it or if the federal government changes.
TOP PICK
Dividend play. Thinks they'll raise dividend next year. Will be buying more. Yield is 7.94%. (Analysts’ price target is $1.81)
TOP PICK
84% liquids and a monthly dividend of about 9%. He has a $2.40 target. They have an ability to grow production as we get higher commodity prices. It is one of the three names he likes in the dividend space. It traded at $2.61 when oil was at $76 in 2018. (Analysts’ price target is $2.06)
PAST TOP PICK
(A Top Pick Dec 17/18, Down 9%) Volumes were not as high as the market was expecting and the share price has stagnated. He still likes this and still calls it a Top Pick. A move to $70 for WTI will create some great capital gains. Yield 7.5%.
TOP PICK
He continues to be a fan. They will have strong cash flows. They might even be able to raise the dividend. His target is $3.70 per share. Yield 8.06% (Analysts’ price target is $2.08)
DON'T BUY
A mid-cap oil producer. They have struggled because they are too small -- energy funds are trading the big boys. Yield 7.0% and the payout ratio is fine. He would not buy it -- there are better options out there.
DON'T BUY
This is a light medium oil producer. Given the market cap and leverage, he prefers others with a better balance sheet. Would recommend Torque Oil & Gas instead.
TOP PICK
It is his dividend play today. It is a cheap stock. There is a dividend of about 7%. His one year target is $3.70. He owns the stock personally. They have a low payout ratio. (Analysts’ price target is $2.13)
COMMENT
Why is it not rising with oil prices? He has heard rumblings the dividend may not be sustainable, but has not evaluated this for himself. From an operations perspective he has done well with them in the past.
COMMENT
He would not own SGY-T. There are other companies that hold better assets and purchase them at better levels. He would choose TOG-T if you are looking for a sustainable yield instead.
TOP PICK
85% light oil and 15% natural gas. It is a very low payout ratio. It is a monthly payout of more than 7%. It will be a fabulous rate of return. (Analysts’ price target is $2.15)
COMMENT

Cash flow per share is flat. Balance sheet is imperfect. 114% payout ratio (not bad), and there is 10% production growth. It ticks some boxes. A lower-quality oil name, but has higher torque to improving oil prices.

COMMENT
A mid-cap producer. They reduced their capital budget yesterday as a reflection on prices. He'd like to see them reduce their debt even more.
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