OTCPK:PDPYF - Post by User
Comment by
Runaway1492on Jul 09, 2019 5:51pm
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Post# 29901329
RE:RE:Crew Energy
RE:RE:Crew EnergyThe torque on the upside is a bit of a sacrifice but I still own both companies. You're always looking for insider buys Lucky and you have that with Crew. I'm just a little more concerned about Pony's Q2 and H2 results because of their AECO exposure. Crew has locked in most of their 2019 sales to US hubs. I don't agree that it's as easy as throwing a dart to find good buys. Gas continues to get pumped by producers looking for oil or liquids so the regular supply/demand dynamic that evens things out in time is not applicable here. The only reason why I'm invested in the NG industry is due to LNG Canada. Share prices are low now, in part, because gas production in the US continues to rise and as drillers move on to less desirable plays the wells proportion of gas to oil continues to increase. When will less gas be produced? I think we will have to wait for the Shale Oil Ponzi scheme to run it's course and that is anyone's guess.