PMT going up again-why???1-someone liked their presentaion at toronto growth conference
2-PMT wants to sell more assets to lower debt even more to make room for east edson expansion to 90 mmcf/d processing and lower costs even further
3-TOU climbing with higher NG prices which reflects value in PMT's remaining TOU share holdings
4- as NG prices climb, PMT will make CF on disposed shallow NG assets whgen prices get over 2.??, I forget, 2.60 or 2,.80??? easy CF with no operating costs
5-PMT will be growing production in 2017, finally after 3 years of selling assets, paying off debt, and cleaning up the balance sheet
6-non-risked NAV is 5 or 6 bucks??? this is a big discount for a low debt, high quality asset company with 49% insider ownership.
7-if the market won't give PMT a fair SP, then i'm pretty sure they will privatize this company and get away with a steal, even at 23 bucvks per share
8-POU is going up and any deal with PMT will just be cheaper for POU share offer
9-winter is finallyt company to north america
10-NG drill rigs are still quite low and fell again tyoday -2
there you ahve it why PMT is worth at least 2.50-2.75 in 2017
but DYODD