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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (30878)9/15/2017 8:25:40 PM
From: Goose94Read Replies (2) of 202704
 
Surge Energy (SGY-T) top pick from Dennis da Silva on BNN.ca Market Call tonite Friday Sept 15th @ 1730ET

Junior Canadian oil producer that has made good progress over the downturn but not on most radar screens. Conservative spending with the company pulling back to one drilling rig for the second half of 2017 to maintain financial discipline with oil under US$50/bbl. Asset dispositions have re-focused the company around three core areas while cleaning up the balance sheet (down 60 per cent from the peak mid-2014), lowering the cost structure, and increasing margins. The dividend sustainability model is improving as evidenced by the recent dividend increase with almost 10 per cent production growth per share while spending less than cash flow and keeping debt to cash flow around 2 times. I see more guidance upside and/or potential dividend increase with payout ratio under 90 per cent.
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