OTCPK:PDPYF - Post by User
Post by
eebleron Jan 17, 2012 4:00pm
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Post# 19413938
Natgas perception
Natgas perception If you go back to November last year, natgas has droped 35%. PPY has matched that almost exactly with a 35% drop. Despite the condensate, NGLs and oils, PPY is perceived to be a natgas company (at 65% natgas weighting that is a realistic perception). As natgas goes, so will PPY. The only thing that will make this better is a buyout, a rebound in the price of natgas, or a shift in focus to oil production over natgas.
If you believe in PPY management, then this is a chance to get in at a price that has been induced by a plunge in the baseline commodity. I added more today and have tucked it away in my RRSP.
eebler