Painted Pony Pete Ltd PDPYF

RE:Petronas effect on Montney/Duvernay producers

[jerrybe]

Hard to say roscoe but it certainly resolves some of the uncertainty out there in terms of demand catching up with supply.

Imagine what happens to this firm if it can secure $4-5 AECO all year round...a dream indeed and it seems people are starting to dream a bit more...it is entering only next year in full "hub" mode so the timing is quite decent and if prices for NG/LNG firm up within the next three years, the stock at $7-8 will suddenly feel like the deal of the century.

Obviously things might turn out different and one month ago, the stock was ready to go below six...so we have definitely seen a 180 deg turn in sentiment on this stock in a very short amount of time. 

The tug of war between energy bulls and bears will continue for quite a while. The bulls have had a very nice run in the last month or so. There will be some pullback...timing is such a hard thing. 

GLTA!