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Adams Natural Resources Fund Inc V.PEO


Primary Symbol: PEO

Adams Natural Resources Fund, Inc. (the Fund) is a non-diversified investment company. The Fund is an internally managed closed-end fund specializing in energy and other natural resources stocks. The Fund's investment objectives are preservation of capital, the attainment of reasonable income from investments, and an opportunity for capital appreciation. The Fund invests at least 80% of its assets in petroleum or natural resources industries or industries connected with, serving and/or supplying the petroleum or natural resources industries. The Fund has broad flexibility to invest in stocks of varying capitalizations, and primarily invests in stocks found in the S&P 500 Energy and S&P 500 Materials sectors. The Fund invests at least 25% of its assets in petroleum and petroleum-related industries. The Fund may invest up to 25% of its assets in commodities related to petroleum, minerals and related products, including swaps. The Fund may invest up to 10% of its assets in real property.


NYSE:PEO - Post by User

Comment by YourMakeron Apr 08, 2020 10:47am
53 Views
Post# 30890172

RE:National Bank

RE:National Bank
retiredcf wrote: As for YourMaker, he has 8 total posts on SH and two of them are his most recent ones for PEO. What prompted you to suddenly show up here with your "hope we can stay above $6.00" rubbish? We havent been below that level since July 2017 although we came close (while every other stock was crushed) during the huge market decline on 23 March. Seems unlikely that will be repeated. GLTA

PEOPLE (CVE:PEO) ANALYST RATINGS HISTORY

4/7/2020 National Bank Financial Set Price Target Outperform C$10.00



@Retiredcf - You're right, I'm not veteran to these boards. I wouldn't say I share the same level of optimism as do you, but I am optimistic about this company. My concerns is their large exposure to the Canadian markets, which as you can already tell, will be adversely affected by COVID19 if current measures are in place for any extended period of time. All speculative, but if Canada follows suit with the US in making an exit from these quarantine conditions, I think PEO will just fine, if not (i.e. we are much more socially-leaning than our sibling south of the border), there could be more pain. Depending on the investment timeframe, I believe $10 could even be a lowly target as I'm not sure if it factors in additional acquisitions that PEO will make this period. GLTA.
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