Perpetual Energy Inc T.PMT

Alternate Symbol(s): PMGYF

Energy Oil & Gas E&P

Perpetual Energy Inc. is a Canada-based oil and natural gas exploration, production and marketing company. The Company owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, and undeveloped bitumen leases in Northern Alberta. The Company also has a portfolio of oil sands leases which have bitumen resource potential.

TSX:PMT - Post by User

Perpetual Energy Inc

Bullboard Posts

Post by shambano1on Dec 14, 2016 9:00am

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Post# 25597028

incorrect description of analyst recommendation

Globe says Perpetural lowered to "reduce" from "hold"

2016-12-12 09:27 ET - In the News

The Globe and Mail reports in its Saturday, Dec. 10, edition that TD Securities analyst Aaron Bilkowski upgraded Perpetual Energy ($2.04) to "hold" from "reduce" and raised his target to $2.25 from $1.70. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target the shares at $1.94. Mr. Bilkowski says in a note: "The recently announced guidance provides a slew of positive catalysts, in our opinion. These include the resumption of positive cash flow (Perpetual forecasts $50-million based on our commodity price assumptions), exit-to-exit production growth of 60 per cent, and forecast year-end 2017 D/CF [debt to cash flow] of only 1.5x (company guidance). As such, we are cautiously optimistic that the current uncertainty surrounding liquidity will be resolved and permit Perpetual to realize the value associated with its East Edson Wilrich asset." The Globe's Eye column reported on Aug. 10 that Mr. Bilkowski, in reaction to lower-than-expected second quarter results, downgraded Perpetual Energy to "reduce" from "hold." In the item, Mr. Bilkowski shaved his share target to $2 from $2.50. Perpetual Energy shares could then be had for $2.09.