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

To: Goose94 who wrote (66304)	9/16/2019 7:48:21 PM
From: Goose94	Read Replies (1) \| Respond to of 202705

Surge Energy (SGY-T) (revisited) top pick from Josef Schachter on BNN.ca Market Call Monday Sept 16th @ 1200ET Surge reported Q2/19 production of 21,544 boe/d (84 per cent liquids) from four core areas. It pays a very healthy dividend of $0.10 per share annually paid monthly and providing a yield of 8.8 per cent. We have a one-year price target of $2.40. Insiders are significant shareholders and Surge’s CEO owns 5.4 million shares. They’re having excellent drilling results in their Eyehill and Betty Lake core areas. In 2018 when WTI was over US$75, Surge traded at a high of $2.61 per share. We see crude in reaching over US$70 in the second half of 2020, so the target is achievable. If we see consistent prices over US$70, Surge could get board approval to increase the dividend once again. A $0.12 per share dividend is our expectation. We plan to add more Surge to our holdings when we see the next low-risk buy signal from the S&P Energy Bullish Percent Index. The stock traded at over $7.50 per share as recently as 2012.