OTCPK:PDPYF - Post by User
Comment by
jerrybeon May 01, 2015 11:09am
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Post# 23685058
RE:RE:Petronas LNG a done deal now
RE:RE:Petronas LNG a done deal nowI just added more today. I am overweight on PPY and almost added when it hit CAD6 but I had promised myself I would only add when Petronas would give the greenlight to their LNG project, a must have to have all this NG flowing out of the Montney at a reasonable price.
For me, like many market participants it seems today, this latest piece of news indicates Petronas is going to go for the project.
Yes, I agree, we are clearly not over the bridge yet and the Natives and the environmental assessment need to be positive but I am taking my chances here. I think the stock could easily be 25% higher by the time we get the green light...
GLTA!