The Globe and Mail reports in its Thursday, Aug. 1, edition that BMO Capital analyst Jeremy McCrea has reaffirmed his "outperform" recommendation for Surge Energy. The Globe's David Leeder writes in the Eye On Equities column that Mr. McCrea boosted his share target by a loonie to $11. Analysts on average target the shares at $11.75. Mr. McCrea says in a note: "When we look back at the best performing companies, they typically have common attributes: 1) a change in asset performance; 2) an inexpensive valuation; and 3) are 'off-the-radar', setting up favorable entry points. For Surge, we see potential for outsized gains as the company approaches its final debt target in 2Q25. Q2 reinforced prior themes: strong Sparky well results, highest cash-flow margin since 2014, new 3D seismic/designs in expanded Sparky inventory (Hope Valley) to aid in well performance and reiteration of higher growth to come." The Globe reported on Aug. 27, 2021, and March 22, 2024, that Mr. McCrea rated Surge "outperform." The shares could then be had for $4.27 and $7.46. The Globe reported on Jan. 11, 2024, that National Bank rated Surge "outperform." It was then worth $6.28.