Post by
zack50 on Feb 04, 2022 12:04pm
This is nutso...
Surge's share price hit $6.92 earlier today when oil was at approx. the same price as it is now but Surge now trades at $6.62.
As far as I can ascertain, this stock is covered by 11 Brokerage Houses, who all ndicate that Surge Energy has the best FCF yield in their space, in all of Canada.
If we think of FCF as the new earnings in the oil & gas business, then SGY has the best FCF yields in the business. They are presently generating thte best cash after capital in the industry in Canada.
Why on Earth are shareholders selling this stock at $0.30 lower now, than earlier today?!
This is plain NUTSO!!
Comment by
fortunefavorsus on Feb 04, 2022 12:09pm
Obviously some big fund dumped today was that Nuttall? SGY NEEDS to be the big purchaser in the market. My guess only when SGY is buying big will this stock start to move up so they are holding it down to accumulate weak holders.
Comment by
WanTBe1 on Feb 04, 2022 12:12pm
Your so right this stock is so NUTSO!!.
Comment by
moose73 on Feb 04, 2022 12:35pm
It would be a good time for normal course issuer bid. So undervalued and manipulated. Time to reward the longs.
Comment by
fortunefavorsus on Feb 04, 2022 12:53pm
They probably could hedge out total production here for the year at 180 million FCF and give a $2.00 special dividend. This is NUTS how poorly they are treated.