OTCPK:PDPYF - Post by User
Comment by
jerrybeon Apr 13, 2015 6:29am
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Post# 23622179
RE:Financial post
RE:Financial post Thanks Bigbab. I saw the same quotes from another article. It does feel as though the decision will be positive on the LNG project at this point in time.
The oil price crash gave pause to every player in the field (small and large integrated). In this case, Petronas seemed to have been particularly strategic in using this uncertainty to their advantage and extracting further concessions from just about every partner involved.
PPY is going to be one of the clear winners here. I am going to buy more this week. NG prices have been bearish and have pushed this stock down massively.
I also believe ECA is being priced too low at this point in time. It has been significantly underperforming everyone of its peers (large cap E&P firms such as CLR, PXD, etc.). It is time for a catching up. Several catalysts: LNG decision in BC (good for the Montney acreage), sale of Deep Panuke (their offshore platform), rebound in oil prices (already under stronger footing in the last couple of weeks), split of the firm (US and CAD assets), takeover rumors (XOM, where are you?).
PPY is my favorite small cap play and ECA is my favorite midcap. SU is my favorite large cap.
GLTA!