ECA - Peyto Exploration: A Deeply Oversold Energy Play
Note: Unless otherwise stated all prices discussed are in .
A consistent earnings record driven by low-cost production and an effective hedging strategy make Peyto Exploration (PEYUF) an attractive investment. Negative sentiment surrounding the Canadian energy industry has pushed the stock into a heavily oversold territory, and while risks are present including persistently low gas prices and regulatory burdens, the steep discount creates strong potential upside. All while paying a comfortably funded dividend over 6%.
Introduction
Searching through stocks hitting new 52-week lows can oftentimes be a tedious and tiresome strategy, for in