TSX:SGY - Post Discussion
Post by
uwebb429 on Mar 21, 2024 2:12pm
Jeremy McCrea - SGY Outperform
Surge Energy Inc. with an “outperform” rating and $10 target. Average: $11.25.
“When we look back at which companies were the best performers over a certain time period, they typically have common attributes:
1) A material change in underlying asset performance;
2) an inexpensive valuation; and
3) are ‘off-the-radar’, setting up a favourable entry point.
For Surge, we see the potential for outsized gains given this backdrop — especially if WTI prices improve. With better well performance lately in both the Sparky and Frobisher formations, and the potential for higher ‘value additive’ growth, investors have a lot to look forward to,” he said.
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