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Surge Energy Inc. (SGY.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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7.65-1.08 (-12.37%)
At close: 04:00PM EDT

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  • K
    Kingsbury
    Can someone explain Surge redeeming the convertible debentures? Was this basically non institutional debt that needed to be paid off? Will it dilute the shares if the lenders choose shares over cash?
  • C
    CavaFans
    back to 4 dollars or even 3
  • b
    ben j
    Not a lot of M&A going on in the oil and gas sector as share holders want returns these days (as do I). That said, many of these companies could still buy SURGE for under 2 billion and be laughing with the great cash flow...I think we are an acquisition waiting to happen (mid next year) when companies have next to no debt and don't know what to do with all their cash!
    If not acquired, GREAT! I will take the capital appreciating and dividend and smile all the same.
  • M
    MIKEKAREN
    downward Surge :( - there goes a bunch of gains from the last year
  • K
    Kingsbury
    Why did the president decide to sell $937k worth of shares at under $10 per share when he's been hyping up the fact the stock is valued at $16 per share? Weird.
  • M
    MIKEKAREN
    another unexplained Surge today - what gives?
  • M
    Maximilien
    Now this is a riddle to me : SGY beat expected EPS by more than 2x, best quarter since 2014 etc.

    Yet we're negative.

    Someone more knowledgeable care to explain ? Is it because of the US "recession" annoucement today ?
  • M
    Maximilien
    Now that's better innit.
  • R
    Roger
    What time is earnings?
  • k
    kevin
    New to surge! For the dividend, is it 0.43 cents per share payout?
  • s
    sam
    Don’t be fooled people. Oil is in short supply and this stock will rise huge in the coming months. Patience will be rewarded

    Glta
  • B
    Bill
    what a surge today
  • b
    ben j
    Company is making great money...dividend will be increased with buy backs. May even be debt free within the year (depending on how many buybacks and DIVI increases there are).
  • s
    sam
    this will be green by EOD!!! patience will be rewarded.

    great earnings and great company will unlock shareholder value very soon.

    getting 4.5% divvy while we wait is pretty good too. remember high divvy will bring much more investors in the coming months!!.
  • J
    JimmyG
    Just a lot of profit taking after ex dividend date and earnings pump. Combination for extra selling.

    Patience
  • K
    Kingsbury
    Divy on Friday, July 15th!
  • T
    Travis
    This stock was trending almost better than CPG which ruled the TSX today. Undervalued
    I think so
  • j
    jstewartburns
    So the SP has only dropped close to 50% in a month after several months of steady gains, so what?

    Jeepers.
  • G
    Gordon
    still down around 30% from the 52 week high. Seems like a decent opportunity to buy back in, as energy stages somewhat of a recovery.

    Enterprise value currently at $1.1B
    Expected cash flow at $100 wti should be around $355M
    Thats an EV/2022 CF ratio of just over 3x, with a FCF yield of about 30% at $100 WTI
  • A
    AC
    Hmmm...
    Can't say I was expecting them to post a 26 cents/share loss.
    Not sure how the street will take the news of a dividend while the company goes and buys more property and still holds a boat load of debt.