The Globe and Mail reports in its Tuesday, Dec. 12, edition that Stifel analyst Michael Dunn has reaffirmed his "buy" recommendation for Surge Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. Dunn, however, gave his share target a 50-cent trim to $12. Analysts on average target the shares at $12.90. Mr. Dunn says in a note: "Surge offers significant exposure to very attractive rate of return oil plays in the Sparky in Eastern Alberta and the Frobisher and Midale in South East Saskatchewan, from which it now derives three-quarters of its production following the recent acquisition of Enerplus assets, and offers a high-torque vehicle for investing in higher oil prices. We would not be surprised to see Surge continue to transition its asset base from here, while it looks to trim debt following the recent acquisition." The Globe reported on June 22 that Eight Capital's Phil Skolnick rated Surge "buy" in new coverage. It was then worth $6.88. The Globe reported on Sept. 29 that ATB Capital analyst Amir Arif continued to rate Surge "outperform." In the item Mr. Arif said, "We believe that the outperformance showing up for Surge stock is in its infancy." The shares could then be had for $9.26.