Surge Energy Inc | StockChase
172
Surge Energy Inc (SGY-T)

Last Price Recorded: $2.0500 on 2017-11-17

ON STOCKCHASE SINCE May 2010

oil/gas

Surge Energy Inc


Signal Opinion Expert

2017-11-09

BUY
Surge Energy Inc (SGY-T)

It is mostly an oily company.  They just announced an acquisition, increasing production.  He likes this one.  If you saw it under $2 you are looking at a decent dividend about 4%.  He likes management.  The balance sheet is in good shape.  It is a value name growing at a nice steady pace.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $2.260
Owned: Unknown

2017-09-18

PAST TOP PICK
Surge Energy Inc (SGY-T)

(Top Pick Sep 6/16, Down 12%)  They have three major core areas and 12k BOEs.  It has a 4.5% monthly yield.  It would be a great buy for the yield.  Management is focused on shareholder value.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $2.060
Owned: No

2017-09-15

DON'T BUY
Surge Energy Inc (SGY-T)

There are other names he would want to own ahead of this. If looking for yield, he would be comfortable buying Torc (TOG-T). If looking for production growth in Canada, he would favour Spartan (SPE-T).

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $2.050
Owned: No

2017-09-15

TOP PICK
Surge Energy Inc (SGY-T)

They’ve been showing good discipline and right sizing their portfolio. Reduced debt from $450 million in mid-2014 to about $200 million. Has a much better balance sheet. Probably has a 15% rate of growth in an environment where oil is $50-$55. Dividend yield of 4.5%. (Analysts’ price target of $3.)

oil/gas
Dennis da Silva

Managing Director & Sr Portfolio Manager, Middlefield Capital Ltd.

Price: $2.050
Owned: Yes

2017-07-28

BUY on WEAKNESS
Surge Energy Inc (SGY-T)

This is a company he really likes. They did 13,800 BOE’s a day in Q1. The balance sheet is in very good shape. BV is $3.48. Very cheap on all the value metrics. If we see the price of oil go down, this could come down below $2. It has a very nice dividend. A table pounding buy under $1.80. He has a 12-month target for the end of 2018 of $3.70.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $2.200
Owned: Unknown

2017-07-28

DON'T BUY
Surge Energy Inc (SGY-T)

(Market Call Minute.) They are doing a lot of the right things, but unfortunately their debt to cash flow is just way too high.

oil/gas
Greg Newman

Director & Portfolio Manager, Scotia Wealth Management

Price: $2.200
Owned: Unknown

2017-06-12

PAST TOP PICK
Surge Energy Inc (SGY-T)

(A Top Pick Sept 6/16. Down 7%.) For investors going forward, this is a stock that is going to work out very well. 4.6% annual yield.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $2.240
Owned: No

2017-06-12

TOP PICK
Surge Energy Inc (SGY-T)

The balance sheet is in good shape with $181 million of debt against $784 million of equity. This potentially could be an $8 stock in the next bull market. Dividend yield of 4.4%. (Analysts’ price target is $3.63.)

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $2.240
Owned: No

2017-03-07

HOLD
Surge Energy Inc (SGY-T)

A decent company, but some of their NETBACKS haven’t been as strong as some of their peers. There is a little bit of pencil sharpening to do. Their decline rate is roughly 23%, so that is negative.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $2.670
Owned: Unknown

2017-01-31

DON'T BUY
Surge Energy Inc (SGY-T)

He wouldn’t own this. Doesn’t have an utter conviction in management. Trades at a discount multiple relative to its peers, but would suggest that some of that has been through poorish execution over the past couple of years. There was also an over reliance on debt, which they’ve done a good job of paying down. There is lingering concern about inventory at one of their key growth plays. It’s fine, but there are other names he would prefer.

oil/gas
Eric Nuttall

Portfolio Manager, Sprott Assett Management

Price: $2.820
Owned: No

2017-01-30

COMMENT
Surge Energy Inc (SGY-T)

Sees energy being very much range bound. OPEC and the major producers are pulling back in production, but there has been so much competition lately from shale drilling, and that has kept a limit on price. Sees more risk to the downside than to the upside.

oil/gas
John Stephenson

President & CEO, Stephenson & Company Capital Management

Price: $2.820
Owned: No

2017-01-09

PAST TOP PICK
Surge Energy Inc (SGY-T)

(Top Pick Sep 6/16, Up 36.60%) They had wells that just came on and they have now revised their numbers upward.  It seems fully valued to him right now.  The fourth quarter results will be out in a number of months and if the price of crude backs off then he would be looking at this a lot more constructively.

oil/gas
Josef Schachter

President, Schachter Asset Management

Price: $3.170
Owned: No

2016-12-13

COMMENT
Surge Energy Inc (SGY-T)

This has taken a bit of a pounding over the last couple of years, but has been going up quite nicely this year. The main seasonal period where energy does well is from February 25 to May 9. That is because of supply imbalances that happen. He starts to look a month before hand, starting in January. The chart shows a bit of an ascending triangle, which is bullish.

oil/gas
Brooke Thackray

President, Jov Investment Management

Price: $3.010
Owned: Unknown

2016-12-06

SELL
Surge Energy Inc (SGY-T)

(Market Call Minute.) Very little institutional following at this point, although recent results have been good.

oil/gas
Mason Granger

Portfolio Manager, Sentry Investments

Price: $2.880
Owned: No

2016-10-25

DON'T BUY
Surge Energy Inc (SGY-T)

(Market Call Minute.) Destroyed their balance sheet by paying out dividends for a long time when they couldn’t afford it. Stuck in the mud.

oil/gas
John O'Connell, CFA

Chairman and CEO, Davis Rea

Price: $2.920
Owned: Unknown

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