Q: PNG released results this morning. Looks good but not sure if good enough to sustain its strong price movement. Your comments after the call would be helpful. How do you see things progressing price-wise over the next 6-12 months? Still looking like a top performer?
5i Research Answer:
Near-term price action is always difficult to gauge, and we think most of it will be heavily reliant on the broader markets. We have our earnings reaction here, and overall, we think the story remains in tact, the tailwinds are very much in tact, and we think this name is a long-term story, with potential periods of volatility that may shake some investors out, but we believe the industry has a long runway for growth, and PNG is positioning itself very well.