OTCPK:PDPYF - Post by User
Comment by
jerrybeon Aug 13, 2014 6:30am
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Post# 22835275
RE:RE:RE:RE:Q2 posted // Share Price projection? Anyone? Anyone?
RE:RE:RE:RE:Q2 posted // Share Price projection? Anyone? Anyone? What a great quarterly result. We have seen the Montney producers (ECA, CR, DEE, etc.) announce some great results in the region...if the stock does not react well today, then it will just confirm that there is indiscriminate selling of oil and gas stocks. I would accumulate on any weakness.
LNG station in BC would be great down the road but I think it is safe to say the company will do well in the meantime as well.
I need to understand better why the majors do not snap up production in North America (and Canada in particular). From PPY to ECA, I believe valuations are quite compelling. The big firms can easily ride any "storm" and have to think long term. Long term, Keystone XL will be approved, along with other pipelines, and Kitimat (or other LNG stations)...all of which, should make these firms nice targets. Instead, we just see record buy backs...go figure! In any case, our little Pony is doing great. Take out value is going to increase over time...GLTA!