- Pine Cliff Energy Ltd. (PNE)
- Peyto Exploration & Development Corp. (PEY)
- Birchcliff Energy Ltd. (BIR)
Q: I'm looking to add some shares of PEY for more exposure to natgas with a good yield. The price has done quite well lately and I'm hesitant to buy in. I'm wondering if I should pick something else that's been a bit more beat up like BIR, or PNE. I'm a younger (39) long term investor living off of yield.
5i Research Answer:
We like BIR, PNE less so. However, for new buying, we almost always will side with positive momentum, and would be fine buying PEY today for sector exposure. We would keep an eye on position size but today PEY would be our choice.