Q: Are you comfortable buying PNG at current price? If not, what would be your target to buy? Looking to start a position.
There has been a couple questions lately regarding GSY and PRL. In one question, you answer PRL over GSY. And then the next day, you indicate GSY over PRL. Which do you consider a better buy for growth, and why? I think also you mentioned there was going to be a follow up report on PRL. Is that still the case?
Thanks!
There has been a couple questions lately regarding GSY and PRL. In one question, you answer PRL over GSY. And then the next day, you indicate GSY over PRL. Which do you consider a better buy for growth, and why? I think also you mentioned there was going to be a follow up report on PRL. Is that still the case?
Thanks!
5i Research Answer:
We would be comfortable buying PNG today, given a long-term timeframe and expectation for growth and volatility.
We can often favour GSY as it is much larger, and is more established, and has been through multiple downturns and still prospered. But the recent weakness due to a short attack has made its upside potential greater from current levels. We will be posting a report update on PRL in the next market update.