Peyto Exploration & Development Corp T.PEY

Freeport setting up to reopen

[auagntungsten]

When Freeport's port opens the Increased sales will bring higher demand as will any drop in the Eastern Seaboard's temp.     $.11 per share each month. GLTA

[Yasch22]

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[Quintessential1]

I am cautiously optimistic that they start up soon. Since the shut in NG helps lower prices and aids the current administration with its short term inflationary goals I don't see the bereaucracy helping a lot. It was surprising the speed at which the KXL pipeline was repaired and brought back into service of course its operation also helps ease inflationary fuel prices. Anyway it can't

[Yasch22]

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[Quintessential1]

Actually I was thinking just the opposite.  That the shut in LNG helped lower US domestic NG prices by building inventories and supply.  Freeport uses about 2-3% of the total NA NG supply to ship about 20% of the USAs LNG.  Having it closed probably helped with winter heating and a good thing too or else the west coast would have experienced far worse price increases then they

[Yasch22]

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[Quintessential1]

"Just my opinion, but when Freeport goes back online, I suspect the upward pressure on prices will be minimal and short-term." Yes now they will and a month from now even less but in September of last year it would of added to an already elevated domestic NG price and excacerbated inflation at a time when the US administration was trying to curb costs at any cost.  Big heating and

[Yasch22]

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[auagntungsten]

And the temperature starts dropping......