Dino's Bar & Grill Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Dino's Bar & Grill

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Goose94 who wrote (56174)	4/9/2019 8:13:50 AM
From: Goose94	Read Replies (2) of 202700

Surge Energy (SGY-T) Industrial Alliance Securities analyst Michael Charlton believes Surge Energy is poised to benefit from rising oil prices. Mr. Charlton rates Surge Energy "buy" with $2.25 share target. Analysts on average target the shares at $2.04. Mr. Charlton says in a note: "The company has yet to fully recover from the fall 2018 sell-off when differentials expanded to unprecedented levels and investors were fleeing the energy space. We believe its optically high debt levels have slowed Surge's stock from making a quick rebound as many other companies have done year-to-date, with the S&P TSX O&G EP Index up 10 per cent year-to-date and Surge still down 8 per cent on the year. With that being said, we believe that with a production mix tilted 84 per cent toward liquids, and hedges covering only 5 per cent of its production, Surge is poised to capture almost all of the commodity price appreciation we are currently seeing and could potentially make substantial debt repayments or increase its dividend with its excess cash flow."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next