Particularly in these beautiful summer months, a prairie sky is a high sky. And in this summer of discontent in Canada’s oil patch, it’s PrairieSky Royalty Ltd. that’s riding sky-high – particularly when it comes to valuation.
That’s a funny thing to say about a stock that, at Wednesday’s close of $27.34, is off about one-third from its 52-week high. And certainly, those who bought on the first day of trading in its May 2014 IPO, when the shares closed at $37, aren’t laughing.Report Typo/Error
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