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Bullboard - Stock Discussion Forum Perpetual Energy T.PMT

Alternate Symbol(s):  PMGYF

Perpetual Energy Inc is an oil and natural gas exploration, production, and marketing company headquartered in Calgary, Alberta. The company's portfolio includes liquids-rich natural gas assets in the deep basin of west central Alberta, heavy oil and shallow natural gas in eastern Alberta, with longer term opportunities through undeveloped oil sands leases in northern Alberta. It derives key revenue from the sale of oil and natural gas.

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Perpetual Energy > Whuuutz Up ?
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Whuuutz Up ?

Speciallygood (92) | May 25, 2022 03:40 pm

Nice move today

RE:Whuuutz Up ?

Hugo1947 (11) | May 25, 2022 08:13 pm

Please read the prior posts I have made and you will see whats Up??
I think there are others who have looked at their latest report out a month ago, and after watching other companies in the oil & gas business now showing 2nd or 3rd quarter increases in net profit, but Perpetual remaining  in a stall position [ similar to what Athabasca was a month ago], are now starting to buy in anticipation of growing profits in the natural gas buisness [NLG up 500% in the year], and the profits they will be making off of the percentage ownership of Rubellite. Perpertual should be $5 to $7 by th end of 2022.

RE:RE:Whuuutz Up ?

churchofnutsacc (77) | May 26, 2022 09:24 am

Doesn't this hinder on the pending lawsuit, however? There's a reason why this is so cheap right now.

RE:RE:RE:Whuuutz Up ?

Hugo1947 (11) | May 27, 2022 11:33 am

Personally the retrial of the old law suit is a red herring. I think there are more and more people coming to realize the new law suit is just a delay tactic by PwC to delay having to pay up the $500K they lost in their ridicuous law suit. Perpertual won in court hands down. When it goes to the Supreme Court I believe they will confirm their win and throw out the Alberta appeal decision. The appeal decision has been what is keeping the stock down, but I think more are realizing  with the evidence that was originally presented, that Perpetual will win and the appeal decision will be thrown out. When that happens there will be nothing to hold back this stock from it's true value.

RE:RE:RE:RE:Whuuutz Up ?

newtonboy (30) | May 31, 2022 08:53 am

I unsuccessfully tried to research when this Appeal is scheduled for court review. Does anyone have any info they would like to share? 

RE:RE:RE:RE:RE:Whuuutz Up ?

Oldfart74 (123) | June 27, 2022 01:16 am

newtonboy wrote: I unsuccessfully tried to research when this Appeal is scheduled for court review. Does anyone have any info they would like to share? 

If you are referring to the appeal of the second decision of Justice Blair finding in favor of Perpetual here is the decision of the Alberta Court of Appeal overturning Justice Justice Blair's decision

https://www.canlii.org/en/ab/abca/doc/2022/2022abca111/2022abca111.html?searchUrlHash=AAAAAQAQUGVycGV0dWFsIGVuZXJneQAAAAAB&resultIndex=6

RE:RE:RE:RE:Whuuutz Up ?

Oldfart74 (123) | June 26, 2022 10:50 pm

Hugo1947 wrote: Personally the retrial of the old law suit is a red herring. I think there are more and more people coming to realize the new law suit is just a delay tactic by PwC to delay having to pay up the $500K they lost in their ridicuous law suit. Perpertual won in court hands down. When it goes to the Supreme Court I believe they will confirm their win and throw out the Alberta appeal decision. The appeal decision has been what is keeping the stock down, but I think more are realizing  with the evidence that was originally presented, that Perpetual will win and the appeal decision will be thrown out. When that happens there will be nothing to hold back this stock from it's true value.

The Supreme Court of Canada dismissed Perpetual’s appeal.
https://www.canlii.org/en/ca/scc-l/doc/2021/2021canlii58908/2021canlii58908.html?searchUrlHash=AAAAAQAJUGVycGV0dWFsAAAAAAE&resultIndex=1

RE:RE:RE:RE:Whuuutz Up ?

Oldfart74 (123) | June 27, 2022 01:28 am

Hugo1947 wrote: Personally the retrial of the old law suit is a red herring. I think there are more and more people coming to realize the new law suit is just a delay tactic by PwC to delay having to pay up the $500K they lost in their ridicuous law suit. Perpertual won in court hands down. When it goes to the Supreme Court I believe they will confirm their win and throw out the Alberta appeal decision. The appeal decision has been what is keeping the stock down, but I think more are realizing  with the evidence that was originally presented, that Perpetual will win and the appeal decision will be thrown out. When that happens there will be nothing to hold back this stock from it's true value.

I am not sure what you're smoking - PWC has won every case at the.court of Appeal and the Supreme. Court of Canada.. i suggest you do your research before spouting nonsensical opinions.

RE:RE:Whuuutz Up ?

Speciallygood (92) | May 26, 2022 09:44 am

Thank you Hugo1947.....My thoughts also .   GL