Surge Energy Inc

SGY-T

Analysis and Opinions about SGY-T

Signal
Opinion
Expert
TOP PICK
TOP PICK
June 20, 2013

A junior Crescent Point (CPG-T) and it is being held by one of the founders of Crescent Point. He now has the currency to be able to buy assets in a very asset rich environment. 8% yield.

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A junior Crescent Point (CPG-T) and it is being held by one of the founders of Crescent Point. He now has the currency to be able to buy assets in a very asset rich environment. 8% yield.

PARTIAL SELL
PARTIAL SELL
May 27, 2013

Chart shows the stock is just recently taken a jump up so something has happened to get it going. In natural gas, there are probably better places to be. If you own, you might be better to take some money off the table and put it into some other gas plays.

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Chart shows the stock is just recently taken a jump up so something has happened to get it going. In natural gas, there are probably better places to be. If you own, you might be better to take some money off the table and put it into some other gas plays.

TOP PICK
TOP PICK
May 21, 2013

A big shuffle at the top. Struggled over last 6-9 months. Problems in the field, missed guidance. New CEO. He has a plan to take the company into a premier dividend payer company.

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A big shuffle at the top. Struggled over last 6-9 months. Problems in the field, missed guidance. New CEO. He has a plan to take the company into a premier dividend payer company.

WATCH
WATCH
May 14, 2013

Surge Energy just appointed a new president/CEO two days ago who is more conservative on the guidance front for production and cash flow. May consider in the next year adding a yield, ie adding a dividend for investors. Management change is positive and will help stabilize the stock price.

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Surge Energy just appointed a new president/CEO two days ago who is more conservative on the guidance front for production and cash flow. May consider in the next year adding a yield, ie adding a dividend for investors. Management change is positive and will help stabilize the stock price.

BUY
BUY
April 30, 2013

Stock has had a tremendous amount of selling. Have been some very large US institutional holders that got disillusioned by both the differential blow out and some missed year-end projections. There was also a VP that left, which really rattled the market. At this level, he thinks it is trading at well below what it should be worth. Excellent management team. There is a catalyst coming up with some properties they have in North Dakota that are quite valuable. Balance sheet is in reasonably good shape.

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Stock has had a tremendous amount of selling. Have been some very large US institutional holders that got disillusioned by both the differential blow out and some missed year-end projections. There was also a VP that left, which really rattled the market. At this level, he thinks it is trading at well below what it should be worth. Excellent management team. There is a catalyst coming up with some properties they have in North Dakota that are quite valuable. Balance sheet is in reasonably good shape.

DON'T BUY
DON'T BUY
April 22, 2013

(Market Call Minute.) Dirt cheap. Missed its production guidance for the 4th quarter. Likes the name but it’s a 2014-2015 story.

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(Market Call Minute.) Dirt cheap. Missed its production guidance for the 4th quarter. Likes the name but it’s a 2014-2015 story.

DON'T BUY
DON'T BUY
April 17, 2013

Trading at very, very low levels and is trading at its proved value producing reserve value. This means just producing existing production, and given no value for 1) proved reserves that hasn’t been drilled and brought on 2) probable reserves or 3) any un-booked upside (acres they haven’t drilled). The current value of the stock plus debt is implying that all of that additional upside is worth nothing. This company has had a number of stumbles. Stock is very cheap but he sees no reason to buy it. There are better names.

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Trading at very, very low levels and is trading at its proved value producing reserve value. This means just producing existing production, and given no value for 1) proved reserves that hasn’t been drilled and brought on 2) probable reserves or 3) any un-booked upside (acres they haven’t drilled). The current value of the stock plus debt is implying that all of that additional upside is worth nothing. This company has had a number of stumbles. Stock is very cheap but he sees no reason to buy it. There are better names.

TOP PICK
TOP PICK
April 16, 2013

Got clobbered and yet when you look at the report card for 2012, you scratch your head and ask why, as they delivered some incredible results and added 40% to their proven reserves. Thinks they missed production targets in the 2nd-3rd quarters. There were some very large US shareholders that simply bailed. Trading at 2X this year’s cash flow only. The play inventory is spectacular. They’ve got a West Central Alberta oil focused. 70% of their assets are oil.

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Got clobbered and yet when you look at the report card for 2012, you scratch your head and ask why, as they delivered some incredible results and added 40% to their proven reserves. Thinks they missed production targets in the 2nd-3rd quarters. There were some very large US shareholders that simply bailed. Trading at 2X this year’s cash flow only. The play inventory is spectacular. They’ve got a West Central Alberta oil focused. 70% of their assets are oil.

PAST TOP PICK
PAST TOP PICK
March 21, 2013

(Top Pick Mar 19/12, Down 68.64%) Likes the assets. Liked the management. They didn’t do a bad job on the production side. They spent over $100 million more in capital to miss their production target. They were arrogant and not listening and thinks there will be a move to find other management.

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(Top Pick Mar 19/12, Down 68.64%) Likes the assets. Liked the management. They didn’t do a bad job on the production side. They spent over $100 million more in capital to miss their production target. They were arrogant and not listening and thinks there will be a move to find other management.

HOLD
HOLD
February 11, 2013

Had a really bad operations update. Wells were not coming on nearly as well as had been hoped. In the meantime, they spend a lot more money trying to get the area to work and debt to cash flow ballooned to 2X. Now the CEO is on a temporary leave. Name has become a value stock in oil/gas, which has not been the best way to make money historically, but he likes the board. Very cheap at 3.5X cash flow.

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Surge Energy Inc (SGY-T)
February 11, 2013

Had a really bad operations update. Wells were not coming on nearly as well as had been hoped. In the meantime, they spend a lot more money trying to get the area to work and debt to cash flow ballooned to 2X. Now the CEO is on a temporary leave. Name has become a value stock in oil/gas, which has not been the best way to make money historically, but he likes the board. Very cheap at 3.5X cash flow.

BUY
BUY
February 8, 2013

They have been so beaten up because they promised higher production. It is a show-me stock now. Some of the best light oil in Canada. If they stagnate, someone will step in and take them out. It is so beaten up now that he would be stepping in here.

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Surge Energy Inc (SGY-T)
February 8, 2013

They have been so beaten up because they promised higher production. It is a show-me stock now. Some of the best light oil in Canada. If they stagnate, someone will step in and take them out. It is so beaten up now that he would be stepping in here.

WATCH
WATCH
January 15, 2013

Fallen 20% or so in the last week because of rumours that they are going to miss their guidance. Coming out with a new report on the 21st of this month. Most analysts have a target price of around $12 a share. On a multiple and valuation basis it is extremely attractive. This is really “Sell on news” and “Buy on fact”. Doesn’t think there is much more downside to it but considerable upside.

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Surge Energy Inc (SGY-T)
January 15, 2013

Fallen 20% or so in the last week because of rumours that they are going to miss their guidance. Coming out with a new report on the 21st of this month. Most analysts have a target price of around $12 a share. On a multiple and valuation basis it is extremely attractive. This is really “Sell on news” and “Buy on fact”. Doesn’t think there is much more downside to it but considerable upside.

DON'T BUY
DON'T BUY
January 9, 2013

Would be careful on this one. Solid team but really fell off the cliff in a hurry. Missed their Q3 numbers. Tried a completion technique that wasn’t working and then switched. Has been taking longer to get the wells to produce at the rates they expected. Also spent a lot more than they had intended. Concerned about their decline rates.

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

Would be careful on this one. Solid team but really fell off the cliff in a hurry. Missed their Q3 numbers. Tried a completion technique that wasn’t working and then switched. Has been taking longer to get the wells to produce at the rates they expected. Also spent a lot more than they had intended. Concerned about their decline rates.

BUY
BUY
January 2, 2013

Been under pressure due to some operational challenges. Excellent management. Also, likes their assets. Produces a significant amount in natural gas although the story is more of an oil story at this time. Good price.

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

Been under pressure due to some operational challenges. Excellent management. Also, likes their assets. Produces a significant amount in natural gas although the story is more of an oil story at this time. Good price.

TOP PICK
TOP PICK
December 10, 2012

Disappointing quarter last quarter. Production disappointing. Just a cheap story that gets better and is a survivor.

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Surge Energy Inc (SGY-T)
December 10, 2012

Disappointing quarter last quarter. Production disappointing. Just a cheap story that gets better and is a survivor.

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