GREY:DPGYF - Post by User
Post by
jerrybeon Sep 25, 2015 11:30am
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Post# 24135391
Fundamentals very poor for NG
Fundamentals very poor for NGWe are in total oversupply and with the Marcellus getting lots of tie-in to the rest of the US and Canada, it is becoming a crowded place. At least propane has a positive price again! Lol
Switch to oil stocks if you plan on a commodity rebound. NG is not the place to be right now. I would not invest one more dollar in NG players until LNG in BC is breaking ground (and we are not there yet).
SGY (ZPTAF) is a much safer bet IMHO. GLTA!
PS: When is the disclosure on the 16-24 tie-in going to be given? It has been running now for a while. If it was good, they would have mentioned it by now. I am starting to wonder if the well has an issue. These are very expensive wells. They can ill afford to mess up on any single one at this point in time. I would not add before they confirm anything on that front.