Q: Since the last question on Peyto in mid November the stock continues to increase. At the time you indicated nothing specific regarding the company but an industry increase. Is the rationale the same and would you add at this point.
As always thank you
Jim
As always thank you
Jim
5i Research Answer:
Since mid November the only news is an upgrade to BUY at Desjardins, and a target price increase ($23 to $25) at TD. There has been no company news. Natural gas is up close to 10% in that time. The sector has been acting better, perhaps on pipeline news. We would remain comfortable as buyers.