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

To: Goose94 who wrote (63842)	8/26/2019 8:02:56 PM
From: Goose94	Read Replies (1) \| Respond to of 202700

Surge Energy (SGY-T) (revisited) top pick from Josef Schachter on BNN.ca Market Call Monday August 26th @ 1200ET Surge reported Q2/19 production of 21,544 boe/d (84 per cent liquids) from four core areas. Book value on June 30 was $2.61 per share. SGY pays a very healthy dividend of $0.10 per share annually, paid monthly. This provides a yield of 9.3 per cent. We have a one-year stock price target $2.40 per share. Insiders are significant shareholders. The CEO owns 5.4 million shares. BUY! Surge has a market cap of $350 million. It is seeing excellent drilling results in its Eyehill and Betty Lake core areas. In 2018 when WTI was over US$75 per barrel, SGY traded at a high of $2.61 per share. We see crude in 2020 reaching this level again. We are investors in the stock and plan to add to our holdings when we see the next low-risk buy signal from the S&P Energy Bullish Percent Index.