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Energy Investing
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Re: Peyto (PEY): Is it really that bad? Two Outlooks.—“also shows that earnings per share peaked in 2007, 12 years ago” I think You’re reaching pretty hard here. Nat gas averaged $6.97 in 2007. Again, this another argument not specific to PEY. What do you think EPS for oil companies looked like in 2007/2008, with $140 oil, 11 years ago? Are all these companies’ EPS down over the last 12 years because the companies are overvalued and over-rated? Or wasn’t it because oil is down over 60% from 12 years ago? And Nat gas ... well, 6.97 usd to 1.55 cdn AECO. PEY dropped because AECO blew out. Not because it was wildly overvalued, or over-rated. All the other CDN EP’s that droppeed dramatically also, and I don’t think it was because they were all over-valued and over rated before. But more because realizations plummeted to single digits. If you were predicting that, then kudos. But that’s not a company specific factor. In any event, thanks for the discourse - everyone is certainly entitled to their own view. Guess we’ll see how it works out. |
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