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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Lorne Larson who wrote (8808)4/3/2002 7:33:47 PM
From: SofaSpud   of 24923
 
I took a very quick look at them (maybe a year ago), and it seemed to me that they were priced for perfection. Evidently they achieved perfection.

What do you know about their operating areas? The reason I ask is that this reminds slightly of Gibson at PRX -- I heard outlandish growth claims maybe three times over a year or 18 mo., and he outperformed every one of them; that's when I bought, and when it then turned out they didn't in fact know their geology. I have no idea if there's any meaningful parallel here; if PEY is finding long-lived reserves in well-understood formations, then the recent track record obviously says they're worth a serious look.
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