Surge Energy Inc

SGY-T

Analysis and Opinions about SGY-T

Signal
Opinion
Expert
COMMENT
COMMENT
December 4, 2017

Chart shows a nice, long base, although there are some pretty big price moves in it. You don’t want to see it go below $1.50. If it got above $3, it could move pretty substantially. Indicators are kind of low, not telling us a heck of a lot, meaning this is probably not going to want to move until it breaks out of $2.30. And again at $3 you are going to get a big move out of it.

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Surge Energy Inc (SGY-T)
December 4, 2017

Chart shows a nice, long base, although there are some pretty big price moves in it. You don’t want to see it go below $1.50. If it got above $3, it could move pretty substantially. Indicators are kind of low, not telling us a heck of a lot, meaning this is probably not going to want to move until it breaks out of $2.30. And again at $3 you are going to get a big move out of it.

BUY
BUY
November 9, 2017

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.

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Surge Energy Inc (SGY-T)
November 9, 2017

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.

PAST TOP PICK
PAST TOP PICK
September 18, 2017

(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.

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Surge Energy Inc (SGY-T)
September 18, 2017

(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.

DON'T BUY
DON'T BUY
September 15, 2017

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).

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Surge Energy Inc (SGY-T)
September 15, 2017

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).

TOP PICK
TOP PICK
September 15, 2017

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.)

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Surge Energy Inc (SGY-T)
September 15, 2017

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.)

BUY WEAKNESS
BUY WEAKNESS
July 28, 2017

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.

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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.

DON'T BUY
DON'T BUY
July 28, 2017

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

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

PAST TOP PICK
PAST TOP PICK
June 12, 2017

(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.

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(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.

TOP PICK
TOP PICK
June 12, 2017

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.)

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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.)

HOLD
HOLD
March 7, 2017

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.

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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.

DON'T BUY
DON'T BUY
January 31, 2017

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.

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Surge Energy Inc (SGY-T)
January 31, 2017

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.

COMMENT
COMMENT
January 30, 2017

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.

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Surge Energy Inc (SGY-T)
January 30, 2017

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.

PAST TOP PICK
PAST TOP PICK
January 9, 2017

(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.

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Surge Energy Inc (SGY-T)
January 9, 2017

(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.

COMMENT
COMMENT
December 13, 2016

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.

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Surge Energy Inc (SGY-T)
December 13, 2016

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.

SELL
SELL
December 6, 2016

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

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Surge Energy Inc (SGY-T)
December 6, 2016

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

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