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

Home

Daily Stock Opinions and Ratings

Perpetual Energy (PMT.TO)

Wealthica The ultimate 360° Tracker Your financial life in one place, automatically

0.40

-0.01 (2.47%)

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

27 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.

Showing 16 to 30 of 129 entries

Most Recent Experts

Jim Cramer - Mad Money

CNBC

Brian Madden

First Avenue Investment Counsel

The Panic-Proof Portfolio (Stockchase Research)

Stockchase Premium

Darren Sissons

Campbell Lee & Ross

The Weekly Buzzing Stocks by Billy Kawasaki

Stockchase

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : [email protected].

Perpetual Energy (PMT.TO)