Surge’s 2015 year-end reserve book highlighted solid F&D markers amidst an aggregate reserve figure that has rolled back ~24% y/y due to an active disposition program. Our updated core NAV analysis (on FCC pricing) continues to support where the stock is trading today, with our unchanged target price of $2.50 per share confirmed through our RENAV methodology. There were no announced changes to its dividend policy with this update; a point we believe will be addressed in the near future in order ....
10 Feb 2016
Surge Year-End Reserves Captures Solid F&D Costs, Impact of 2015e Dispositions
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Surge Year-End Reserves Captures Solid F&D Costs, Impact of 2015e Dispositions
Surge Energy Inc. (SGY:TSE) | 0 0 -0.5% | Mkt Cap: 433.4m
- Published:
10 Feb 2016 -
Author:
Cody R. Kwong -
Pages:
9
Surge’s 2015 year-end reserve book highlighted solid F&D markers amidst an aggregate reserve figure that has rolled back ~24% y/y due to an active disposition program. Our updated core NAV analysis (on FCC pricing) continues to support where the stock is trading today, with our unchanged target price of $2.50 per share confirmed through our RENAV methodology. There were no announced changes to its dividend policy with this update; a point we believe will be addressed in the near future in order ....