Perpetual Energy (PMT.TO) Buy, Sell or Hold

Perpetual Energy (PMT.TO)

0.40

-0.01 (2.47%)

as of Nov 4, 2024, 7:42:34 pm Market Open.

26 watching

BUY

Fundamentally, it has a very good rating. Chart shows a cup and handle, a very good sign, which is essentially a long-term bottoming phase which is now recovering. Has come up to a new level where the markets are comfortable with it. If it drops below $1.05, you want to Sell. It looks like it could get back up to the $1.90 level. Volume doesn’t seem to be verifying it yet but that is something you’ll have to watch for.

HOLD

Had to cut their dividend twice last year. Their debt load is extraordinarily high. Feels they are very, very, very financially stressed. Don’t commit new money. There isn’t tremendous upside.

WAIT

They are one of the largest shareholders. They have too much debt but if he didn’t think gas was going to $6 he would not be holding it. Got booted out of the index and caused selling, so that is a sign of a bottom.

PAST TOP PICK

(A Top Pick July 30/10. Down 42.61%.) Sold his holdings in the $3-$4 range. Dropped its dividend, which caused the problem. Highly leveraged to natural gas prices.

PAST TOP PICK

(Top Pick Jul 30/10, Down 22.05%) Would not take a position in this right now. Dividend was decreased. Waiting for an up tick to exit his position. Past Top Pick

HOLD

They are trying very hard to produce LNG and shift to oil. Relatively short reserve life. He is bearish on gas. Well managed and have done a very good job.

HOLD

It is important that Nat Gas gets close to $5. If you sold it, stay out of it, otherwise hold it.

COMMENT

Natural Gas Commodity ETF (GAS-T) or Perpetual Energy (PMT-T) for a 5-year gas play? A 5-year expectation that gas will go up eventually is reasonable. He would hold this one. Recently redid some hedges and got their bank loans/credit lines revised.

SELL

Cut dividend back in October and stock tumbled. Trying to increase liquid component of their natural gas. 97% natural gas. Unless you are a bull on natural gas prices, it is highly likely they will have to cut dividend yet again. He is short the stock.

DON'T BUY

Reduced their payout on conversion. Recent results were mixed. Production as less than expected but got better prices. CapX program will be going up in the next year. Not a compelling price.

DON'T BUY

Wildly over valued natural gas stocks. 97% natural gas. Have some hedging, but even with that they have a high cost base. Debt up to their eyeballs at 4.2 times. Trades at just under10X enterprise value to cash flow using $4.25 Cdn pricing. 13.5% yield, which he feels is in jeopardy.

HOLD

This stock is a trader. Only 5 years of reserve life. They are successfully avoiding some of the shallow gas. They are gas weighted.

TOP PICK

(Doesn't own but on his radar screen and will try to get it under $5.) Almost fully Exposed to natural gas. Nice dividend of about 12%.

PAST TOP PICK

(A Top Pick May 12/08. Up 24.66%.) Reduced his position a little bit.

PAST TOP PICK

(A Top Pick May 12/09. Up 11.7% plus distributions.) His way of getting exposure to natural gas which had been too beaten up.

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Perpetual Energy (PMT.TO)