|Bid||1.0700 x 0|
|Ask||1.0800 x 0|
|Day's Range||1.0400 - 1.0800|
|52 Week Range||1.0400 - 2.7300|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 13, 2019 - Mar 18, 2019|
|Forward Dividend & Yield||0.10 (8.70%)|
|1y Target Est||1.36|
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CALGARY , May 8, 2019 /CNW/ - Surge Energy Inc. (the "Company") (SGY.TO) is pleased to announce that it has closed its previously announced convertible debenture financing with a syndicate of underwriters (the "Underwriters"), led by National Bank Financial Inc., pursuant to which the Underwriters purchased an aggregate principal amount of $34.5 million of convertible unsecured subordinated debentures of the Company (the "Debentures"), including exercise in full of the over-allotment option granted to the Underwriters (the "Over-Allotment Option"), at a price of $1,000 per Debenture, on a "bought-deal" basis (the "Financing").
Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) is pleased to announce that it has entered into a $30 million bought-deal financing (the "Convertible Debenture Financing") of five-year convertible unsecured subordinated debentures (the "Debentures") with a syndicate of underwriters (the "Underwriters") led by National Bank Financial Inc.. The Debentures will have a coupon of 6.75 percent per annum, and a conversion price of $2.25 per Surge common share ("Common Share"). The Company has granted the Underwriters an over-allotment option to purchase up to an additional $4.5 million aggregate principal amount of the Debentures, on the same terms, exercisable in whole or in part at any time up to the 30th day following initial closing of the Convertible Debenture Financing. The net proceeds from the Convertible Debenture Financing will be used to pay down a portion of the outstanding indebtedness under the Company's revolving term credit facility.
Paul Colborne became the CEO of Surge Energy Inc. (TSE:SGY) in 2013. This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. Then we'llRead More...
Surge Energy Inc. Announces 2018 Fourth Quarter and Year-End Financial and Operating Results; 2018 Year-End Reserves; Record Production and Reserves Achieved
CALGARY , Jan. 14, 2019 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) announces that its Board of Directors has formally approved the Company's 2019 capital budget, production and operation guidance. Surge's 2019 budget is consistent with its stated goal of delivering consistent shareholder returns through disciplined per share growth, as well as a sustainable dividend. Given the recent extreme volatility in both West Texas Intermediate ("WTI") crude oil prices, and Canadian crude oil differentials, Surge has reduced its previously-announced preliminary 2019 capital budget from $160 million to $135 million .
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On the other hand, we'd be remiss not to mention Read More...
CALGARY , Nov. 15, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) confirms that a cash dividend to be paid on December 17, 2018 in respect of November 2018 production, for the shareholders of record on November 30, 2018 will be $0.008333 per share. Management is focused on delivering to its shareholders solid per share organic growth, sustainable monthly dividends, and further growth through accretive, high quality acquisitions.
Surge Energy Inc. Announces Third Quarter 2018 Results; Average Q3 Production Exceeds 2018 Exit Rate Guidance; Adjusted Funds Flow Per Share Up 80 Percent Over Q3/17
A look at the shareholders of Surge Energy Inc (TSE:SGY) can tell us which group is most powerful. Institutions often own shares in more established companies, while it’s not unusual Read More...
CALGARY , Oct. 25, 2018 /CNW/ - Surge Energy Inc. ("Surge" or the "Company") (SGY.TO) is pleased to announce that it has successfully completed the previously announced acquisition (the "Acquisition") of Mount Bastion Oil & Gas Corp. ("MBOG") pursuant to an arrangement (the "Arrangement") under the provisions of the Business Corporations Act ( Alberta ). At the special meeting of Surge shareholders to approve the issuance of the Surge Shares pursuant to the Acquisition, held on October 24, 2018, 42.79% of the outstanding Surge Shares were represented and the issuance was approved by 99.31% of the Surge Shares voted at the meeting. As of the close of the Acquisition, approximately $400 million is currently drawn on the credit facility, providing Surge with approximately $150 million in available liquidity.