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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (60984)	7/25/2019 8:16:46 PM
From: Goose94	Read Replies (1) \| Respond to of 202700

Surge Energy (SGY-T) you know the story. Josef Schachter Surge reported Q1/19 production of 21,630 boe/d (84 per cent liquids) from four core areas. Book value on March 31 was $2.63 per share. Surge pays a very healthy dividend of $0.10 per share annually, paid monthly. This provides a yield of 7.9 per cent. We have a one-year stock price target $2.40 per share. Insiders are significant shareholders and the CEO owns 5.4 million shares. This is a buy. Surge has a market cap of $390 million. They’re having excellent drilling results in their Eyehill and Betty Lake core areas. In 2018 when WTI was over US$75 per barrel, Surge traded at a high of $2.61 per share. We see crude in 2020 reaching this level again. We own the stock in our dividend-focused funds and plan to buy more over time.