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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

Post by Hugo1947on Jul 05, 2021 5:52pm
223 Views
Post# 33496677

Hope there is a plan?

Hope there is a plan?I have owned this stock since a way back when it was over $9.00 and bought a pile of it at 8 to 10 cents to dollar cost down. They had a good thing going as an income trust and when they bought some oil land many, many years ago, I figured with both oil and gas reserves they should have been able to get back on their feet. But when the gov't was going to come after them for the oil wells and make them pay for the clean up, that was the writing on the wall they were finished. Then low and behold the court case came along and absolved them of any wrong doing in selling those old wells and I figured with that expense off the books this thing can still be worth a lot of money so I dived in and dollar cost averaged down to less than a dollar for my cost. If it makes it over a dollar I will be back in the money again.
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