Q: Why is Peyto on fire today? Earnings was a few days ago. Do you think it has much upside? I'm asking because I'm sitting on a nice gain, and wondering if I should take partial profits. Thanks.
5i Research Answer:
There was no company news on PEY, but the energy sector rose 1.31% and there was a bit of a sentiment shift. We would manage position size but would be reluctant to sell too much with the improved momentum we are seeing.