I Like PEY Chances vs. Other Canadian NG Players
The past couple of trading days once again saw PEY's stock price hold up much better than ARX, BIR, TOU, PONY, or CR..........some of these names have been absolutely cruxified over the last couple of weeks.......
Perhaps traders sense PEY's quality and hit it simply on the basis of it being in an out-of-favour sector at year end, not because they feel the company is weak / vulnerable........?
If so, PEY should bounce back nicely if value investors decide to step in and buy at some point this month, with gains hopefully holding and leading to further share price increases......I think January should also bear some nice gains........