TSE:PRQ

Petrus Resources Ltd (PRQ.TO)

1.79
+0.02 (1.13%)
as of Jun 4, 2026, 8:00:00 pm Market Open.
4 watching
0
BUY
Has a shorter reserve life and is a gas weighted trust. Yield is in the 10/11% range. Feels the management is doing a fine job in replacing their reserves. In time it will become a growth trust.
TOP PICK
Price dropped to a good level when there was the big drop off in gas spot prices at the beginning of the year. A great turn around story. One of the most efficient royalty trusts when it comes to replenishing reserves.
BUY
(Caller asked about gas weighted trusts that Michael liked.) He tends to be defensive. Very solid management team. Good results from Q4. Good growth prospects in northeast British Columbia.
TOP PICK
Progress Energy is a gas weighted trust, it has been around for a few years. They have a good quality team. They have been able to replace 2005 production, 170 % has been replaced, mostly through the drilling. Maintaining costs at a reasonable level. Company is very cost efficient.
TOP PICK
Has a good growth rate. He bought at $16.18.
BUY
76% natural gas. It's debt to cash flow is 6. If you look at a combination of its distribution and capital spending, relative to its cash flow coming in, they'll be equal this year and will have a very modest profit in production per unit.
BUY
Has a higher exposure to natural gas which he is favourable on in the short term. Got beaten up a bit because it missed some production results. Good value here.
BUY
The outlook for natural gas is much rosier and the growth is steadier than it is for oil.
BUY
Meets all the criteria that he has for natural gas trusts. Just bought some.
BUY
For pure gas income trust plays, prefers TKE Energy Trust (TKE.UN-T), Progress Energy (PGX.UN-T), Thunder Energy (THY.UN-T) and Peyto (PEY.UN-T). In the producer area Storm Exploration (SEO-T) because it was incredibly cheap at $4.60. Would sell when it gets near $7.
BUY
Has a reasonably good outlook. Has a good slate of properties in Colombia. Missed their last numbers which disappointed the market. They should be able to overcome that. Good assets and will eventually do very well with them.
BUY
Very strong management team. Expectations were a little high and they stumbled out of the gate, but the trust will be in good shape. A good mid-tier name. Payout ratio is in the 70% range.
HOLD
Neutral towards this trust at this time. Have a 2-sector perform recommendation. A mid to high cap in the oil/gas trusts. A solid hold at this point.
BUY
Expect a fairly flat price for the next year. The exception would be if they did another good acquisition. The return of 10/11% isn't bad.
BUY
One of the best managed trusts and has performed very well. Has a good slate of assets in the NE corner of B.C. Expects it to continue to grow at a very high rate.
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