Peyto is a good company but they were overpriced last year.
I would buy on a dip to $18 and sell at $25.
There is lots of pessimism out there but I still think there is more to come and not enough capitulation out there yet that will come with more sustained low prices, high levels of NG storage and still poor opportunities for exporting liquids.
Patience is a virtue but too much patience makes you miss the buy opportunity.
I've still been waiting on more negativity before buying some more nat gas companies. I have bought some MQL which used to be about 70% nat gas but has shifted now to 60% Oil & NGL. I have thought at various points about ECA, BIR and PEY but haven't really pulled the trigger yet. I guess I still just think oil is a safer bet and the valuations on Cdn oil are very good for PBN which also pays a big yield so it's been hard to justify buying much else.
Another possible contrarian play right now is coal. It is in the dumps but demand is still rising because of India and China. I think ANR and BTU are probably good buys right now at their depressed valuations.
1 - 6 of 6 Posts
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
A forum community dedicated to Canadian personal finance enthusiasts. Come join the discussion about investing, stock portfolios, equities, frugality, real estate, market trading, taxation, retirement, and more!