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Pine Cliff Energy Ltd. (PNE $0.63)
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Peyto Exploration & Development Corp. (PEY $19.02)
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Advantage Energy Ltd. (AAV $10.76)
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Birchcliff Energy Ltd. (BIR $6.42)
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Tourmaline Oil Corp Subscription Rcpt (TOUR)
Q: Hi Ryan and Peter,
I have held PNE for years and years and have a cost base of $1+. I lost so much money on it that I just sort of tucked it away. Now BMO turns bullish on nat gas, Andrew McCreath says dry gas is the best and PNE has it in spades. Now today the stock is up +20%!
On one hand, it has high debt and they have never turned a profit. On the other, there is large insider ownership and they are still buying.
What is your outlook for the sector? How does this dry gas and your nat gas outlook effect PNE’s projected earnings? Would you average down here?
I was also too chicken to buy birchcliff at 60 cents but should I now get in on this space either averaging down, going with a new company or staying away all together?
Thanks guys! Keep up the great work.
I have held PNE for years and years and have a cost base of $1+. I lost so much money on it that I just sort of tucked it away. Now BMO turns bullish on nat gas, Andrew McCreath says dry gas is the best and PNE has it in spades. Now today the stock is up +20%!
On one hand, it has high debt and they have never turned a profit. On the other, there is large insider ownership and they are still buying.
What is your outlook for the sector? How does this dry gas and your nat gas outlook effect PNE’s projected earnings? Would you average down here?
I was also too chicken to buy birchcliff at 60 cents but should I now get in on this space either averaging down, going with a new company or staying away all together?
Thanks guys! Keep up the great work.