Opinions
Rick Stuchberry
PrairieSky Royalty
PSK-T
HOLD
Jul 07, 2022
Sell? Commodities are a trade. But PSK is a royalty, so it's even safer than the other energy companies. When the price is high, trim; when the price goes away, add some back. The price of oil should stay up for a while and it'll be a good investment.
$16.100
Stock price when the opinion was issued
0
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TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate PSK, a oil and gas royalty, generating strong cash flow, as a TOP PICK. The company avoids the capital investment treadmill of a traditional oil and gas producer, yet it has tripled its acreage exposure over the past eight years and has used its free cash flow to rapidly pay down debt. Even at $50 WTI prices, the company will produce sufficient free cash flow to allow it to expand its portfolio further. We recommend trailing up the stop loss (from $14.50) to $15.75, looking to achieve $22.50 -- upside potential over 19%. Yield 2.54% (Analysts’ price target is $22.21)
PAST TOP PICK
(A Top Pick Sep 20/22, Up 20.6%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PSK has achieved its $22.50 target. To remain disciplined, we recommend covering half the position at this time and maintaining the stop at $20. If triggered, this would result in a net investment gain of 15%, when combined with this recommendation to cover half.
PAST TOP PICK
(A Top Pick Sep 20/23, Up 23.3%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with PSK has triggered its stop at $23. To remain disciplined, we recommend covering the position at this time. This will result in a net investment gain of 27%, when combined with our previous recommendations.
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