Surge Energy Inc

SGY-T

Analysis and Opinions about SGY-T

Signal
Opinion
Expert
STRONG BUY
STRONG BUY
February 12, 2014

Loves this story. One of his core positions across all of his client accounts. Management has a great track record of acquisitions recently. The dividend of 8% is unfair and feels it should trade at a 5% yield given the quality of management and given the track record they are displaying so far. Has the lowest total payout ratio of all companies he follows i.e., combining the dividend payout with the capital spending program, measured against cash flow. Has about a 92% payout so there is room on its cash flow to do more.

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Surge Energy Inc (SGY-T)
February 12, 2014

Loves this story. One of his core positions across all of his client accounts. Management has a great track record of acquisitions recently. The dividend of 8% is unfair and feels it should trade at a 5% yield given the quality of management and given the track record they are displaying so far. Has the lowest total payout ratio of all companies he follows i.e., combining the dividend payout with the capital spending program, measured against cash flow. Has about a 92% payout so there is room on its cash flow to do more.

BUY
BUY
January 24, 2014

His company has this rated as a Sector Outperform with an $8 target. Likes the management. 8% yield.

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Surge Energy Inc (SGY-T)
January 24, 2014

His company has this rated as a Sector Outperform with an $8 target. Likes the management. 8% yield.

COMMENT
COMMENT
January 13, 2014

Bought Renegade’s assets and paid a fair price of around 5.6X cash flow, less than $20 per 2p for an asset that declined at 18%, so they may have gotten a bit of a bargain. Did a $70 million financing and institutional demand was around $60 million, so pretty strong institutional demand for the name. Have been very active through acquisitions. He has been trading this at around 6.3X cash flow. Feels the dividend 8.2% is quite safe.

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Surge Energy Inc (SGY-T)
January 13, 2014

Bought Renegade’s assets and paid a fair price of around 5.6X cash flow, less than $20 per 2p for an asset that declined at 18%, so they may have gotten a bit of a bargain. Did a $70 million financing and institutional demand was around $60 million, so pretty strong institutional demand for the name. Have been very active through acquisitions. He has been trading this at around 6.3X cash flow. Feels the dividend 8.2% is quite safe.

COMMENT
COMMENT
January 8, 2014

Has the right suite of assets with the right management group and has converted to a dividend paying Corp successfully. Have the type of assets that, most importantly, are going to produce a sustainable dividend. Valuation on this stock is relatively good compared to other dividend payers. Total payout ratio is under 100%.

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Surge Energy Inc (SGY-T)
January 8, 2014

Has the right suite of assets with the right management group and has converted to a dividend paying Corp successfully. Have the type of assets that, most importantly, are going to produce a sustainable dividend. Valuation on this stock is relatively good compared to other dividend payers. Total payout ratio is under 100%.

PAST TOP PICK
PAST TOP PICK
December 9, 2013

(Top Pick Dec 10/12, Up 17.06%) He cut losses when they had a near death experience. Probably should not have. It screens extremely well now. Thinks energy would be a better bet at end of first quarter next year.

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Surge Energy Inc (SGY-T)
December 9, 2013

(Top Pick Dec 10/12, Up 17.06%) He cut losses when they had a near death experience. Probably should not have. It screens extremely well now. Thinks energy would be a better bet at end of first quarter next year.

HOLD
HOLD
December 6, 2013

Had a lot of changes in the last year. Changed CEOs and made a lot of acquisitions. Basically a transformed company. Management team is well respected. Long life light oil properties including some water flood capabilities. Getting close to the point where she just wants to be able to understand all the acquisitions that they’ve made in the last year. Can see it at $7.50-$8. 7.8% dividend yield.

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Surge Energy Inc (SGY-T)
December 6, 2013

Had a lot of changes in the last year. Changed CEOs and made a lot of acquisitions. Basically a transformed company. Management team is well respected. Long life light oil properties including some water flood capabilities. Getting close to the point where she just wants to be able to understand all the acquisitions that they’ve made in the last year. Can see it at $7.50-$8. 7.8% dividend yield.

PAST TOP PICK
PAST TOP PICK
November 7, 2013

(A Top Pick Dec 10/12. Up 13.94%.) Thinks there is a fair bit more of upside. Very well-positioned. Lots of free cash flow. Great exploration and production success. Could see it easily being $9-$10 a share.

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Surge Energy Inc (SGY-T)
November 7, 2013

(A Top Pick Dec 10/12. Up 13.94%.) Thinks there is a fair bit more of upside. Very well-positioned. Lots of free cash flow. Great exploration and production success. Could see it easily being $9-$10 a share.

BUY
BUY
November 4, 2013

Likes that the management team is very aligned to investors. Have raised dividend three times even though they just introduced it. Thinks their guidance for this year is conservative.

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Surge Energy Inc (SGY-T)
November 4, 2013

Likes that the management team is very aligned to investors. Have raised dividend three times even though they just introduced it. Thinks their guidance for this year is conservative.

BUY
BUY
October 23, 2013

Just announced another acquisition and a dividend increase. This is just the beginning for this enterprise. It is going to be a large company, by the time Paul Colburn is finished with it.

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Surge Energy Inc (SGY-T)
October 23, 2013

Just announced another acquisition and a dividend increase. This is just the beginning for this enterprise. It is going to be a large company, by the time Paul Colburn is finished with it.

HOLD
HOLD
October 2, 2013

Trying to reinvent itself by turning itself into a dividend player. Not sure if this is a growth stock or a piggy bank now. This change has driven the advance for the last few months. If you own, he would be inclined to take some money off the table, but it is currently in an upward channel, so keep it as long as it is in that channel.

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Surge Energy Inc (SGY-T)
October 2, 2013

Trying to reinvent itself by turning itself into a dividend player. Not sure if this is a growth stock or a piggy bank now. This change has driven the advance for the last few months. If you own, he would be inclined to take some money off the table, but it is currently in an upward channel, so keep it as long as it is in that channel.

BUY WEAKNESS
BUY WEAKNESS
September 25, 2013

Bought this stock at around $5.05-$5.10 on a new CEO coming in who did a great job of turning the company around. Stock ran to $6.30 and he sold. He would re-establish a position at around $5.50 or so.

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Surge Energy Inc (SGY-T)
September 25, 2013

Bought this stock at around $5.05-$5.10 on a new CEO coming in who did a great job of turning the company around. Stock ran to $6.30 and he sold. He would re-establish a position at around $5.50 or so.

BUY
BUY
August 14, 2013

One of his favourite intermediate oil/gas names. Management bought an asset from Cenovus (CVE-T) and converted the company into a dividend paying company much like Whitecap. Will produce about 10,700 barrels per day with a very low decline rate. Very good for a dividend model because they will continue to spin out cash flows. Dividend ratio is only 30%.

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Surge Energy Inc (SGY-T)
August 14, 2013

One of his favourite intermediate oil/gas names. Management bought an asset from Cenovus (CVE-T) and converted the company into a dividend paying company much like Whitecap. Will produce about 10,700 barrels per day with a very low decline rate. Very good for a dividend model because they will continue to spin out cash flows. Dividend ratio is only 30%.

PAST TOP PICK
PAST TOP PICK
August 1, 2013

(Top Pick Apr 16/13, Up 73.72%) He took a little off the table. Great management team, a change since last time. Will continue to hold. Dividend will bring support to stock price but they will grow also.

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(Top Pick Apr 16/13, Up 73.72%) He took a little off the table. Great management team, a change since last time. Will continue to hold. Dividend will bring support to stock price but they will grow also.

BUY
BUY
July 30, 2013

Recently changed to a dividend payer. Did one major financing to buy a light oil package from Cenovus (CVE-T). They are slowing down production and getting the decline rate down to 23%-24% which means the sustainability of the dividend becomes much more doable. Expect they will be quite active on the M&A front. .7.7% yield should be safe. Thinks it will be over $6 in the near-term.

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Recently changed to a dividend payer. Did one major financing to buy a light oil package from Cenovus (CVE-T). They are slowing down production and getting the decline rate down to 23%-24% which means the sustainability of the dividend becomes much more doable. Expect they will be quite active on the M&A front. .7.7% yield should be safe. Thinks it will be over $6 in the near-term.

SELL
SELL
July 16, 2013

Attractive because it is cheap. Does it have enough momentum behind it to keep going higher? His feeling is that it doesn’t. It has probably run its course.

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Attractive because it is cheap. Does it have enough momentum behind it to keep going higher? His feeling is that it doesn’t. It has probably run its course.

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