All AboardThis stock is about to leave the station. The breakout above $6.20 means this should run to $7.50 and likely $10+ by year end. If PEY gets added back into TSX composite, the demand will start to pile on.
NG and Oil set to run for the remainder of this year. Even at the current price PEY is only selling for 4.4x 2021 EV/DACF. Historically it has been 8-10x. I'll be satified with 6x 2022 EV/DACD which is $16/share. We are only in the 2nd inning.
Cheers!