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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

Bullboard Posts
Comment by mmoschukon Feb 10, 2013 12:33pm
129 Views
Post# 20965074

RE: RE: RE: RE: Told Ya So!

RE: RE: RE: RE: Told Ya So!

PMT is not outside my comfort level at all.  PMT shareprice is dependent on nat gas prices.  In order to accurately predict the share price at this time you need to understand where nat gas prices are going as PMT is still very heavily weighted to nat gas prices as you know.  There has been talk of a rebound in nat gas prices and the ratio between nat gas and oil blah blah blah for years now.  There will be an eventual turn around in gas prices but I do not see it for at least 10 years from now.  Therefore in the meantime we will have these little spikes and retreats as investors bet up and decline prices based on weather and inventory levels.  Something huge and I mean HUGE needs to suck vast amounts of NG in order to really move prices.  Not a few fleets of transports converting their rigs to nat gas.  Until this happens nat gas will be trading in a range of 2.50 - the higher end of the 3 buck range with a few spikes into the 4 dollar range but nothing that will hold.  Unless PMT changes their capital investment strategy more capturing the rich returns on oil while being a low cost producer PMT share price will also be stagnent for the next 10 years to come.  You can understand all the risk you want, again the point of investing is to make money.  The faster you make gains in a short amount of time the better you are doing.  To hold your money for 10 years to make 20% you will have lost out on opportunities that could have trippled your money.  PMT is a disgrace.  A stock price that used to be over 20 bucks paying a nice diviend suckered many investors in only to drag them down to a shareprice of less than a dollar and no more being paid while you wait.  If you understood the risk and still held it all the way down what was the point?

Bullboard Posts