Globe and Mail mention A summary of the CIBC research posted a couple of days ago on this board..
"With Surge Energy Inc.'s recent appointment of Paul Colborne as CEO, the company is likely to transform itself into a dividend-paying entity later this year, said CIBC World Markets analyst Arthur Grayfer.
He thinks the company has the financial capability to offer a 36 cents-per-share dividend, for an annual yield of 7.2 per cent.
Mr. Colborne, a veteran of the energy sector, has successfully transitioned a number of Canadian junior oil and gas companies into dividend- paying companies.
Target: Mr. Grayfer raised his price target by $1 to $6.50. The average target is $6.27."
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https://www.theglobeandmail.com/globe-investor/inside-the-market/lululemons-yoga-pants-are-nearly-back-but-shares-are-still-marked-down-ubs/article12220300/