RAYMOND JAMES JEREMY MCCREA SAYS $12/SHARE SGY  Eric Nuttall, by his own admission, has NOT sold his complete position in SGY and moved on. He initially purchased a 9% stake in the company about 3 weeks ago from private equity shareholders who wanted out. The shares were purchased at a distressed price... the stock price rose ~23% in a matter of a week or two, so he divested a portion of his holdings and quickly made a profit of ~$6M by taking advantage of the liquidity window.

Like Eric Nuttall or not, you have to decide if you want to play the "Simon Says" game:

 Paul Colbourne says Eric Nuttall Ninepoint ENERGY bought almost 10% of Surge shares 7,500,000 lol 9% Eric lied said he would never buy and then bought almost 8,000,000 SGY shares 

SURGE dedicated to the new SGY model. 8% Dividends 
SGY  we have a 14 year inventory.
 we have a 35% FCF yield, one of the highest in Canada.
we will use the FCF for debt reduction to increase NAV p/s.
we will start a dividend in May.
we will initiate a small growth wedge of ~2.5%
we will initiate share buybacks.
we will institute a "special" dividend.

11 Analysts say BUY SURGE ENERGY SGY A ACCORDING RAYMOND JAMES JEREMY MCCREA