Q: I had it recorded that Surge was to report their results on July 29, now I see where they are expected on July 30 (today) but interestly I can find no announcement from Surge on exactly when they would announce their results. Do you have insight on when their Q2 2015 will be made available to investors.
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Investment Q&A
Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.
Q: Hi Peter and 5i Team,
I currently own SGY. Because of the decrease in the stock price my position is only about 2.5% (down from 5%). Do you recommend keeping this stock, putting more into it or selling it and buying another stock from your Growth portfolio? Like BOS, DRT, or TC?
Thanks for all your help!
Best wishes,
Terri.
I currently own SGY. Because of the decrease in the stock price my position is only about 2.5% (down from 5%). Do you recommend keeping this stock, putting more into it or selling it and buying another stock from your Growth portfolio? Like BOS, DRT, or TC?
Thanks for all your help!
Best wishes,
Terri.
Q: I realize it's less than 3 weeks from your last comment on the CFO departure, but I am wondering if you've had any more insight?
Q: where can I find info. on the amount of shares shorted on a TSX listed stock.
Thx
Thx
Q: I am trying to make sense of the latest insider trading report on SGY. It appears that large numbers of warrants owned by insiders expired unexercised on July 2. Is this correct? Does it mean the warrants were under water?
Q: Pls comment on CFO departure.
Q: I hold RMP based on your recommendation of it being one of the better O&G stock. However it has been going nowhere but down for quite sometime. Would you suggest I sell it and buy either TVE, SGY or TDG as SGY seems like it is gaining momentum and TVE and TDG have recently been recommended by multiple analysts. Thanks
Q: Hi folks,please get your opinion on Q results for Surge energy.Reported loss but believe was impairment writedown,otherwise results looked good.Currently hold position after asset selloff & insider buying.Would u rate stock;buy,hold,or sell.Thanks as always
Q: There was a recent laudatory article in Seeking Alpha extolling the virtues of Surge. The author made two points that stood out for me. First, that the break even point for the company is $36 per barrel (don't know if that is Cdn$ or US$). Second, that Surge made a recent announcement that their reserves on their Upper Shaunavon development are now estimated to be 250,000 barrels vs the previously announced 50,000 barrels.
Do you concur with these two points and if so, does that reduce your concerns about Surge going forward?
Thanks for the insight.
Paul F.
Do you concur with these two points and if so, does that reduce your concerns about Surge going forward?
Thanks for the insight.
Paul F.
Q: Would appreciate your thoughts on Surge asset sale today. They indicate intent to reduce their debt to $135 million from over $500 million with maintenance of their production. Seems to have dramatically reduced their risk profile.
Q: When buying a company is it better to buy in only one account or purchase the stock in several accounts? I currently own SGY but in both the RRSP(2) and TFSA(2) account. Going forward with buying some stocks recommended from your portfolios just wondering if it is just better to purchase the amount up to 5-10% in one account?
Thanks
Dolores
Thanks
Dolores
Q: Hi Team, with the recent rise of Surge, I am down (only!) 16% and thinking of bailing to buy a few more stocks in your new growth portfolio. So far I own PLI, PHM, IT, XTC and DRT. Do you suggest this move, and if so, what would be the next 3 stocks you would suggest. Thank-you so much for your service.
Q: Further to John's point on the risk of Surge, my position is now relatively small. I am assuming that the bottom for the stock would be it s book value, since it does own tangible assets. First, what is the estimated book value of the stock and would that be a good proxy for the floor price?
Thanks for the insight.
Paul F
Thanks for the insight.
Paul F
Q: Hi Peter,
Your recent answers about Surge Energy (SGY) have shaken me a little. Your advice is all about the long-term and don’t worry what the markets are doing with the current price. In answers to members, SGY has gone from a strong buy to a sell (Peter’s answer on April 9) in less than a year. In my mind, that means SGY is no longer a good long-term investment and should be sold by all members.
In your opinion (not worrying about sector diversification), IS SGY A SELL FOR ALL CONSERVATIVE, INCOME ORIENTED MEMBERS?
Is there a quick way you can advise all members about the change in your opinion on any stock you give advice on?
Thanks
John
Your recent answers about Surge Energy (SGY) have shaken me a little. Your advice is all about the long-term and don’t worry what the markets are doing with the current price. In answers to members, SGY has gone from a strong buy to a sell (Peter’s answer on April 9) in less than a year. In my mind, that means SGY is no longer a good long-term investment and should be sold by all members.
In your opinion (not worrying about sector diversification), IS SGY A SELL FOR ALL CONSERVATIVE, INCOME ORIENTED MEMBERS?
Is there a quick way you can advise all members about the change in your opinion on any stock you give advice on?
Thanks
John
Q: Hello 5I,
This a follow-up to a question you answered on the book value of Surge Energy; but applies across all Canadian E&P Companies. You noted Surge's book value is dependent on the price of oil and quoted a value of $68 US.
The problem I am having with your statement and all the other literature I read which quotes share price based on WTI is; What are the surrounding parameters that are needed to support the individual companies value. For example what is the exchange rate of the Canadian $ for the $68 WTI? At the current exchange rate this would suggest that Surge needs well over $80 Cdn to have a book value you suggested. Another question is at what oil futures price? If the current Contango widens so that a one year futures contract is $68 WTI; can I then apply that forward price to Surge, or which ever other company I am following?
Any clarification you can offer would be greatly appreciated.
Cheers,
Bob Ahearn
This a follow-up to a question you answered on the book value of Surge Energy; but applies across all Canadian E&P Companies. You noted Surge's book value is dependent on the price of oil and quoted a value of $68 US.
The problem I am having with your statement and all the other literature I read which quotes share price based on WTI is; What are the surrounding parameters that are needed to support the individual companies value. For example what is the exchange rate of the Canadian $ for the $68 WTI? At the current exchange rate this would suggest that Surge needs well over $80 Cdn to have a book value you suggested. Another question is at what oil futures price? If the current Contango widens so that a one year futures contract is $68 WTI; can I then apply that forward price to Surge, or which ever other company I am following?
Any clarification you can offer would be greatly appreciated.
Cheers,
Bob Ahearn
Q: Thank you for the details regarding SGY's year end however, I can't seem to square with their claim of achieving a Book value of $7.36/share!? My calculations don't agree with their Balance Sheet. Maybe it's because I'm from south of the border. Help & thanks again.
Q: My SGY is my worst performing stock down 70%. I just don’t know what to do. Will it survive or crash and burn? Do I sell at this HUGE loss in my TFSA or buy more or hold?
Q: Surge reported last on Feb. 11/15 with its management numbers - ie: NPV, etc, etc. What is the deadline for their 4th qtr.& year end audited financial statements? Thanks.
Q: Hi Guys,
I have bought Surge Energy over the past 6 months or so and I am down over 50%. One of my rules is to re-evaluate a company if it drops below 2% of my portfolio. If it stays below the 2% limit for a month, I have to invest more to get it back over 2% or sell my position. I have 2 questions:
1) Should the amount I already have invested influence me?
2) Would you buy or sell SGY today? I cannot just hold.
Thanks for your opinion.
John
I have bought Surge Energy over the past 6 months or so and I am down over 50%. One of my rules is to re-evaluate a company if it drops below 2% of my portfolio. If it stays below the 2% limit for a month, I have to invest more to get it back over 2% or sell my position. I have 2 questions:
1) Should the amount I already have invested influence me?
2) Would you buy or sell SGY today? I cannot just hold.
Thanks for your opinion.
John
Q: Since I am down about 50% on Surge am wondering if I should buy more to reduce my costs or go somewhere else like ATD or Parkland Fuel. Opinion please Thanks. Ernie