AETUF - Peyto Exploration: 'Circulating On Bottom' At Present Prices
- Peyto has doubled from our last article. We don't see a lot of further upside at present prices. Hence we are neutral.
- Long-term debt is a drag on the stock.
- There are some 12-24 month catalysts that could shift the balance to bullish, for very patient and risk tolerant investors. We discuss these here.
- We also present an alternative if you are looking to participate in the Canadian gas sector, and want a company with a stronger short-term rebound outlook.
- All monetary figures are in Canadian dollars except where noted.
For further details see:
Peyto Exploration: 'Circulating On Bottom' At Present Prices