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  5. PEY: I see that PEY has taken a bit of a bump lately. [Peyto Exploration & Development Corp.]
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Q: I see that PEY has taken a bit of a bump lately. Is this a Trump bump, or do they actually have some positive things happening in the company?
Thanks,

Paul
Asked by Paul on November 25, 2024
5i Research Answer:

PEY is up about 10% in the last month. There has been no material company news, but natural gas prices have ticked up higher, with news that the first winter draw out of storage has occurred. We think it is a high quality company, but its fortunes are very sensitive to gas prices. We think it is buyable for sector investors. 

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