RE:RE:RE:RE:SURGE = $350,000,000 CASHFLOWS 2022, $12.75 PT SURGE 10% Almost Bought Eric Nuttall 7,500,000 SGY 9%
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 ~$6,000,000 profits
CEO 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
SGY is dedicated to the new SGY model. 8% Dividends
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 8% Dividend in May 2022
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
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