GREY:PEYTF - Post by User
Post by
petersterncanon Nov 14, 2012 11:03am
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Post# 20598553
What the same CIBC guy said in April
What the same CIBC guy said in April Oh btw... this is what this same "analyst" said about PLT back in April of this year:
https://www.istockanalyst.com/finance/story/5780787/cibc-upgrades-parallel-energy-trust-to-sector-outperformer-on-stable-payout-ratio-attractive-yield
He'll recommend PLT when it was more expensive, with a worse dividend % payout, had a worse commodity outlook (commodities where heading down at that point) with a production forcast that isn't any better than indicated in the most recent numbers. Also back then, PLT was more risky given that they didn't have a backup pipeline.
Honestly, I often think you can do better by doing the opposite of what these so-called analysts say/do/recommend.