Perpetual Energy

PMT-T

Analysis and Opinions about PMT-T

Signal
Opinion
Expert
COMMENT
COMMENT
September 14, 2016

Pengrowth (PGF-T) and Perpetual (PMT-T)? Had some challenges with their balance sheet over the last couple of years with the collapse in oil prices. This one would be a little riskier. If you really see a big jump in commodity prices, this probably has a lot more upside than Pengrowth (PGF-T).

Perpetual Energy (PMT-T)
September 14, 2016

Pengrowth (PGF-T) and Perpetual (PMT-T)? Had some challenges with their balance sheet over the last couple of years with the collapse in oil prices. This one would be a little riskier. If you really see a big jump in commodity prices, this probably has a lot more upside than Pengrowth (PGF-T).

Jim Huang
President, T.I.P. Wealth Management
Price
$1.860
Owned
Unknown
COMMENT
COMMENT
August 30, 2016

Has a lot of respect for management and the family. Generally speaking, these plays are not tier 1, although they’ve done a good job in the past couple of years to rein in costs. There are better names if looking for oil exposure.

Perpetual Energy (PMT-T)
August 30, 2016

Has a lot of respect for management and the family. Generally speaking, these plays are not tier 1, although they’ve done a good job in the past couple of years to rein in costs. There are better names if looking for oil exposure.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.920
Owned
No
DON'T BUY
DON'T BUY
December 31, 2015

This company is in a tough spot. They inherited a bunch of good quality assets in the face of a natural gas price that has plummeted. Have done their best to diversify into liquids play and have had good drilling success. Have a rights offering which is backstopped by Mr. Ridell. There is not going to be a dividend on this name anytime soon. He would not buy or own it at today’s gas level.

Perpetual Energy (PMT-T)
December 31, 2015

This company is in a tough spot. They inherited a bunch of good quality assets in the face of a natural gas price that has plummeted. Have done their best to diversify into liquids play and have had good drilling success. Have a rights offering which is backstopped by Mr. Ridell. There is not going to be a dividend on this name anytime soon. He would not buy or own it at today’s gas level.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.050
Owned
No
COMMENT
COMMENT
May 27, 2015

This was a gas story at one point, but the leverage is excessive. If he wants to be in the gas business, he wouldn’t be going to this one.

This was a gas story at one point, but the leverage is excessive. If he wants to be in the gas business, he wouldn’t be going to this one.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$0.940
Owned
Unknown
COMMENT
COMMENT
November 6, 2014

Has not invested in this, simply because it is overwhelmingly natural gas. He has been cautious on natural gas. Also, it seems to be more dry gas than anything else. A lot of leverage in terms of the net backs that they get for that production. Had a crushing amount of debt until recently. Thinks things are moving in the right direction, but this is not even on his radar screen.

Perpetual Energy (PMT-T)
November 6, 2014

Has not invested in this, simply because it is overwhelmingly natural gas. He has been cautious on natural gas. Also, it seems to be more dry gas than anything else. A lot of leverage in terms of the net backs that they get for that production. Had a crushing amount of debt until recently. Thinks things are moving in the right direction, but this is not even on his radar screen.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$1.580
Owned
No
TOP PICK
TOP PICK
September 4, 2014

Bond 8.75% Mar 15/18. Stay short, buy credit and select high quality names. This is one of them. There is a great story behind this one. Just under 8% yield for a 3.5% piece of paper. It is a speculative pick in the bond market. You have to go through a broker. They are unsecured notes.

Perpetual Energy (PMT-T)
September 4, 2014

Bond 8.75% Mar 15/18. Stay short, buy credit and select high quality names. This is one of them. There is a great story behind this one. Just under 8% yield for a 3.5% piece of paper. It is a speculative pick in the bond market. You have to go through a broker. They are unsecured notes.

Joey Mack
Director, Fixed Income, ScotiaCapital
Price
$1.960
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
July 25, 2014

Have done a really great job of deleveraging. They took advantage of the frothiness in the royalty companies, so they sold some royalty acreage to Freehold (FRU-T) at an eye-popping level. Thinks their debt to cash flow is now sub3X. If he were more bullish on natural gas, he would have bought this. If it were to pull back to $1.70-$1.80 level he would probably buy.

Have done a really great job of deleveraging. They took advantage of the frothiness in the royalty companies, so they sold some royalty acreage to Freehold (FRU-T) at an eye-popping level. Thinks their debt to cash flow is now sub3X. If he were more bullish on natural gas, he would have bought this. If it were to pull back to $1.70-$1.80 level he would probably buy.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$2.150
Owned
No
COMMENT
COMMENT
July 16, 2014

(Market Call Minute.) Debt has come down, but is still a bit higher than what she likes. Loves what they are doing at Edson, and loves the joint venture that they did. Have worked hard the last few years to get the debt down. Feels that she will be back in the next quarter or 2.

(Market Call Minute.) Debt has come down, but is still a bit higher than what she likes. Loves what they are doing at Edson, and loves the joint venture that they did. Have worked hard the last few years to get the debt down. Feels that she will be back in the next quarter or 2.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$2.050
Owned
No
DON'T BUY
DON'T BUY
June 24, 2014

Add only if you think Nat Gas is going significantly higher. Debt to cash flow is 8 times and is well beyond what he thinks is acceptable. However, they have great assets.

Add only if you think Nat Gas is going significantly higher. Debt to cash flow is 8 times and is well beyond what he thinks is acceptable. However, they have great assets.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$1.660
Owned
Unknown
SELL
SELL
April 24, 2014

Holding depends on your outlook for natural gas. If the rally on Nat Gas is durable and if we have a hot summer and may not be able to build inventory levels. They are heavily leveraged to Nat Gas prices.

Holding depends on your outlook for natural gas. If the rally on Nat Gas is durable and if we have a hot summer and may not be able to build inventory levels. They are heavily leveraged to Nat Gas prices.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$1.740
Owned
Unknown
SELL STRENGTH
SELL STRENGTH
February 20, 2014

If gas prices stay here then this company would give you the maximum leverage to Nat Gas prices. They have 5-6 times debt to cash flow.

Perpetual Energy (PMT-T)
February 20, 2014

If gas prices stay here then this company would give you the maximum leverage to Nat Gas prices. They have 5-6 times debt to cash flow.

Mason Granger
Portfolio Manager, Sentry Investments
Price
$1.350
Owned
No
WAIT
WAIT
December 6, 2013

She sees a rapid turn to the positive for Cdn oil and gas stocks and this could be a potential. Because of the higher debt level, it may move higher than others because of the torque.

Perpetual Energy (PMT-T)
December 6, 2013

She sees a rapid turn to the positive for Cdn oil and gas stocks and this could be a potential. Because of the higher debt level, it may move higher than others because of the torque.

Joanne A. Hruska, CFA
Market Strategist, Integral Wealth Securities
Price
$1.040
Owned
No
DON'T BUY
DON'T BUY
November 4, 2013

(Market Call Minute) Good leverage to Nat Gas but he doesn’t see much upside in gas so therefore stay away.

Perpetual Energy (PMT-T)
November 4, 2013

(Market Call Minute) Good leverage to Nat Gas but he doesn’t see much upside in gas so therefore stay away.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$1.060
Owned
No
HOLD
HOLD
October 23, 2013

Market has known this one as a highly gassed levered enterprise. They are making moves to diversify their asset base into some more oily things. The greatest thing they have going for them is the sponsorship of the Rydal family. Stock is going to be hard-pressed for a little while because of some debt issues. You want to see how they are going to deal with maturing debts in 2015 before jumping in.

Perpetual Energy (PMT-T)
October 23, 2013

Market has known this one as a highly gassed levered enterprise. They are making moves to diversify their asset base into some more oily things. The greatest thing they have going for them is the sponsorship of the Rydal family. Stock is going to be hard-pressed for a little while because of some debt issues. You want to see how they are going to deal with maturing debts in 2015 before jumping in.

Bill Bonner
President & Portfolio Manager, Brickburn Asset Management Inc
Price
$1.070
Owned
Unknown
COMMENT
COMMENT
January 9, 2013

This was heavily weighted towards natural gas. Management has been doing a great job of divesting non-core assets. Thinks there debt to cash flow is still around 6 or 7 times making them more sensitive to a decrease in the price of natural gas. Thinks there will be a wave of selling in some of these natural gas names.

Perpetual Energy (PMT-T)
January 9, 2013

This was heavily weighted towards natural gas. Management has been doing a great job of divesting non-core assets. Thinks there debt to cash flow is still around 6 or 7 times making them more sensitive to a decrease in the price of natural gas. Thinks there will be a wave of selling in some of these natural gas names.

Eric Nuttall
Partner & Senior Portfolio Manager, Ninepoint Partners
Price
$0.990
Owned
Unknown
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