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Perpetual Energy Inc T.PMT

Alternate Symbol(s):  PMGYF

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

Comment by churchofnutsaccon Dec 20, 2022 10:07am
333 Views
Post# 35181926

RE:Undervalued?

RE:Undervalued?
GoJerez2 wrote: I'm surprised we continue to fall..... I thought nat gas would be amazing this winter. I guess the debt and lawsuit remains an issue but certainly at these levels PMT is cheap 


Other than Prairie Provident, this is the only Oil and Gas name that I can think of that has somehow managed to INCREASE its net debt this year without making an acquisition.

How does a natural gas company LOSE money while the price of natural gas average $5.00?

Also, I'm looking at management gifting themselves 1 cent options.

What is even the point of this company? It seems to be run as some sort of boiler room for management.
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