Post by
zack50 on Feb 04, 2022 5:09pm
"I'm a Believer!"
Very soon now, if not already, Cdn. fund managers are going to be hearing from their clients about the fact that oil is nearing $100, dividends are increasing, etc., and they are going to be questioned... "Do you have energy stocks in your funds?"
Since fund managers are paid to perfrom, they are going to have a hard time justifying not having energy stocks and so the pressure will build.. and build.. and build.. and build and then, all of a sudden, FOMO will kick in and they won't be able to take it any more, lol.
What do they do? They start buying CNQ, the top performing energy stock (most likely this has already begun). It becomes fairly valued so they then start going down the market cap ladder and at some point on the rungs of that ladder sits our SURGE... one of the biggedst mispriced and undervalued energy stocks.
How it is that other people can't see what we shareholders see is beyond my range of vision. To me, it's simple math... at $80 oil, Surge could easily pay a 25% dividend if it wanted to. It's in the wind folks... we are going to see buybacks... we are going to see dividends.
There is a cone of apathy right now when it comes to investors owning SGY shares. Someday soon, however, the voice of reason is going to slap them up the side of the head. It might be Surge's meaningful action of declaring a dividend... it might be the initiation of a buyback or even the granting of a special dividend. But whatever it is, prospective investors and fund managers will realize that the theme has switched from not only paying down the debt but a theme of some or all of the aforementioned.
To quote the Monkeys, "I'm a Believer!" in Surge's return potential this year... I think we are in for excitement.