Q: Hi Team,
Given the better momentum in PNG, would you advocate a switch, or partial switch from PRL to PNG? Currently I hold almost twice as much PRL compared to PNG. Also, when is PNG set to report? And given the reactions in this quarters earnings season is it too risky to buy more PNG ahead of quarterly results?
Shane.
Given the better momentum in PNG, would you advocate a switch, or partial switch from PRL to PNG? Currently I hold almost twice as much PRL compared to PNG. Also, when is PNG set to report? And given the reactions in this quarters earnings season is it too risky to buy more PNG ahead of quarterly results?
Shane.
5i Research Answer:
Smaller companies are always going to be volatile, and we would not look at PNG as a one-quarter play. We can't personalize answers, but think diversification is important and would be fine allocating some PRL to PNG. PNG has not officially announced a release date but estimates are for within the next four days sometime.