RE:RE:Stops taken out. Whipsawed.PeterPP - (2/6/2018 1:16:38 PM) RE:Stops taken out. Whipsawed. This is on downtrend if you know how to read stock chart. Fundamental wise it’s gettig worse and worse if you look at Canada NG prices. All producers are desperate they cannot get gas out of Alberta and Canada. It’s needs pipeline but takes several years to build. Canada is one of most conservative country in this world and infrastructure building speed is one of slowest. Patrick did a bad decision acqured UGR right before AECO prices collapse. Old CFO was against him and left earlier retirement.
If you mean the selloff this morning was because of the downtrend, I think you're kidding yourself. To drive the price down 10% in three trades would serve no purpose, if one was to reduce one's position. To me, and others, this was clearly a stop loss takout.
As for the UGR comment - whatever - it's been beaten to deatch. Most "investors" here are traders, really. Very few here appreciate long-term company strategy - no patience for it, and no balls. UGR was a good deal considering the cost v. benefit. It'll just take a while to pay, but it will eventually pay big.
As for trapped gas, well, yes, but then again, production into 2018 is mostly just about flat, from what Capex announcements I've seen. I'm guessing the domestic demand increase will just about soak up the marginal production increase into 2018, so we're basically at a stale mate. From this point on, any new developments - LNG, transport south, what not, will accomodate further growth. The forward curve is not nice, but then lot of gas is now going at spot, and the spot prices are better than forward, so that will naturally push the forward price up over time, as the hedgers roll off....
bottom line, base building and accumulation starting for most, IMO
hopefuly overall markets take another good tumble, that'll spook some money out and some of it WILL find it's way into NG stocks - the Price/Value proposition for anybody who can count is just too good in NG at these levels.