Today, Josef Schachter commented about whether TXP-T, CNE-T, BIR-T, GTE-T, BNP-T, PIPE-T, PD-T, WCP-T, TOU-T, TVE-T, SGY-T, NVA-T, CPG-T, TOG-T, IPO-T, CVE-T, ESI-T are stocks to buy or sell.
A three-year time horizon It's a liquids-rich natural gas story, moving more into the Montney. Nice production increase of 19% in Q1. The balance sheet and debt are an issue because of the oil price plunge during the pandemic. This could fall below 70 cents if WTI falls $10 which he expects. He also expects a tightening of the natural gas market in western Canada because of the lack of drilling plus increased demand from Transalta as it goes from coal to nat gas. There are lots of good reasons to own this for the next few years, but in the meantime, buy on pullbacks. This will do well if you have a long-term horizon.