All rights reserved. Surge Energy Inc. explores for, develops, and produces oil and gas in western Canada. The banks then approached Surge about buying those shares. It appears that Surge got a great deal on the shares.
There are other companies that hold better assets and purchase them at better levels. Fallen 20% or so in the last week because of rumours that they are going to miss their guidance.
Surge Energy just appointed a new president/CEO two days ago who is more conservative on the guidance front for production and cash flow.
(Market Call Minute.) Thinks they missed production targets in the 2nd-3rd quarters.
It is a cheap stock. analysts published opinions There is a dividend of about 7%. It is usually referred to as Book value is twice their stock price. They spent over $100 million more in capital to miss their production target. They have struggled because they are too small -- energy funds are trading the big boys.
He likes the dividend.
The energy producer buys a 20% stake in Longview Oil. Produces a significant amount in natural gas although the story is more of an oil story at this time.
Simply click the link below to grab your free copy and discover all 5 of these stocks now. 37% OFF: Buy Pembina Pipeline Stock Right Now for an 8.8% Dividend Yield. to the stock experts' signals. He owns the stock personally.
This company has had a number of stumbles. Discover. It is his dividend play today. 114% payout ratio (not bad), and there is 10% production growth. Returns since inception, October 2013.
Liked the management. 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. Should You Buy Aphria (TSX:APHA) After Its Recent Pullback? A mid-cap producer.
Canadian Oil Stocks: More Upside Than Tech in 2021. Had a really bad operations update. A big shuffle at the top. © 2020 The Motley Fool Canada, ULC.
Wells were not coming on nearly as well as had been hoped. We are human and can make mistakes, The play inventory is spectacular. Been under pressure due to some operational challenges. 84% liquids and a monthly dividend of about 9%. He is optimistic differentials will help their light oil production. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Current as of October 26, 2020. (SGY-CT). Surge is now in the driver’s seat.
on Stockchase covered Surge Energy Inc In the last year. His one year target is $3.70. Not to alarm you, but you’re about to miss an important event. 5 Stocks Under $49 (FREE REPORT). He has a plan to take the company into a premier dividend payer company.
Benjamin Sinclair | March 3, 2014 | More on: AAV LNV SGY. CRA CERB Alternatives: 2 Must-Know Emergency Payouts, Forget Growth Stocks: Here’s How to Get Price Gains and Big Dividends, Aphria (TSX:APHA) Stock Plunges: Marijuana Industry in Trouble. Read the latest stock experts' ratings for Surge Energy Inc. Surge Energy Inc was recommended as a Top Pick by There is a catalyst coming up with some properties they have in North Dakota that are quite valuable. So it sold those shares to a banking syndicate at $4.45 per share, raising $94 million. Given the state of the Canadian energy market, such a result was not surprising. Likes the name but it’s a 2014-2015 story. 5 analysts
about SGY-T. Thinks they'll raise dividend next year. This is your chance to get in early on what could prove to be very special investment advice. recommended to BUY the stock. All junior energy stocks have gone through hell and back, and we're enter weak seasonality. Excellent management. to the stock experts' signals. A high score means experts
Stock is very cheap but he sees no reason to buy it. Surge Energy Inc SGY-T. Overview About Advanced Chart Technicals. problem with the site, feel free to email us at : Whether it’s gold mining, copper mining, or energy, certain companies have managed to put themselves in that enviable position. Top Picks.
It traded at $2.61 when oil was at $76 in 2018.
If you see something that you know is not right or if there is a They were arrogant and not listening and thinks there will be a move to find other management. This compares to 44% for Advantage and 47% for Longview. We are human and can make mistakes, Read the latest stock experts ratings for Surge Energy Inc. Earnings reports or recent company news can cause the stock price to drop. They reduced their capital budget yesterday as a reflection on prices. In that case, it's important to buy a surge protector with an indicator light, so you can check that it's functioning properly or be alerted to the fact it needs replacement. It is a trending stock that is worth watching. Any synergies would only make a combination sweeter. Wait till after tax-loss selling season before considering it or if the federal government changes. His target is $3.70 per share. Good price. on Stockchase covered Surge Energy Inc In the last year.
Net worth tracking. Balance sheet is in reasonably good shape. recommended to SELL the stock. recommended to SELL the stock. 10 stock analysts Yield is 7.94%. Solid team but really fell off the cliff in a hurry. The dividend is sustainable he thinks. It is so beaten up now that he would be stepping in here. experts mostly recommend to sell the stock. And those dividends come tax-free. If they stagnate, someone will step in and take them out. Longview’s debt takes that number down to $8.50 per share, but still well above what Surge paid. Surge, which had already done due diligence on Longview’s assets, jumped at the opportunity, buying the shares at the same price. It is one of the three names he likes in the dividend space.
It is too early to know if that decision will change.
There were some very large US shareholders that simply bailed.
SGY-T on the Toronto Stock Exchange It is a show-me stock now. Advantage Oil & Gas Ltd (TSX:AAV) concluded a strategic review – another way of saying the company was looking to sell itself – that “did not result in an acceptable proposal”. Struggled over last 6-9 months. They just made an acquisition to increase their volumes.
In a buyer’s market like Canadian energy, Surge’s flexibility puts it in an enviable position. Also, likes their assets. help us fix any errors. It is a very low payout ratio. Excellent management team. Missed their Q3 numbers.
If you see something that you know is not right or if there is a television programs (in particular Business News Network), neither recommends nor from the experts’ comments. Cash flow per share is flat. 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. Surge Energy Inc SGY-T. Overview About Advanced Chart Technicals. Would be careful on this one. 5 analysts The Motley Fool Canada » Investing » Is Surge Energy Getting a Good Deal? stock closed at a price of $0.165.
They have struggled because they are too small -- energy funds are trading the big boys. He would choose TOG-T if you are looking for a sustainable yield instead. Very cheap at 3.5X cash flow. 85% light oil and 15% natural gas. Would recommend Torque Oil & Gas instead. I consent to receiving information from The Motley Fool via email, direct mail, and occasional special offer phone calls. There was also a VP that left, which really rattled the market. Management change is positive and will help stabilize the stock price. Of the three companies, Surge has by far the cleanest balance sheet, with debt equal to only 18% of its market capitalization. But Advantage needed cash, and it owned over 20 million shares of Longview. Become a Premium Member All Opinions.
On 2020-10-23, Surge Energy Inc (SGY-T)
Surge Energy Inc SGY-T. Overview About Advanced Chart Technicals. Read the latest stock experts ratings for Surge Energy Inc. Earnings reports or recent company news can cause the stock price to drop. "A joule is a unit of energy roughly equivalent to the energy required to lift a four-ounce tomato vertically to a height of one yard. Yield 7.0% and the payout ratio is fine. Our team thinks these 5 stocks are critically undervalued, but more importantly, could potentially make Canadian investors who act quickly a fortune. If you own, you might be better to take some money off the table and put it into some other gas plays. Chart shows the stock is just recently taken a jump up so something has happened to get it going. They’ve got a West Central Alberta oil focused. mostly recommend to buy the stock while a low score means about SGY-T. They will have strong cash flows. They have a decent balance sheet with a decent, sustainable dividend. It’s no wonder that Surge is in the best position of the three companies. It is usually referred to as Watch List Unlock Premium Opinions Top Picks Company Expert Watch List. Further, by the end of the year, a vaccine could very well be ready. Doesn’t think there is much more downside to it but considerable upside. And just last week, we saw yet another example. mostly recommend to buy the stock while a low score means
He would not buy it -- there are better options out there. They didn’t do a bad job on the production side. The current value of the stock plus debt is implying that all of that additional upside is worth nothing. for help on deciding if you should buy, sell or hold the stock.
Read the latest stock experts' ratings for Surge Energy Inc. Read the latest stock experts ratings for Surge Energy Inc. Surge Energy Inc () Stock Market info Recommendations: Buy or sell Surge Energy stock? Trading at 2X this year’s cash flow only. Have been some very large US institutional holders that got disillusioned by both the differential blow out and some missed year-end projections. problem with the site, feel free to email us at : oil/gas 0 Comments. The revelation was the latest in a chain of events that began at the beginning of February. firstname.lastname@example.org. 8% yield. Given the market cap and leverage, he prefers others with a better balance sheet.
Most analysts have a target price of around $12 a share. They have been so beaten up because they promised higher production.
Surge Energy Inc is a Canadian stock, trading under the symbol Read the latest stock experts' ratings for Surge Energy Inc. Read the latest stock experts ratings for Surge Energy Inc. Read stock experts’ recommendations Disappointing quarter last quarter. Trading at very, very low levels and is trading at its proved value producing reserve value. In the last year, 10 stock In the fall, there’s a good chance that the virus will be much weaker or even non-existent. Surge Energy Inc is a Canadian stock, trading under the symbol Motley Fool Canada's market-beating team has just released a brand-new FREE report revealing 5 "dirt cheap" stocks that you can buy today for under $49 a share. Lots of great prospects and good growth.
Production disappointing. SGY-T on the Toronto Stock Exchange
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