So Will we break out, and when??$3 for Peyto is almost a catastrophe as with many in the industry.
Many are still underwater other than those few that have come in the last 12 months totally unaware of all the carnage.
How many have just sold off and floated away, a lot I assume.
So where do we go from here, for most holding long-term even $5 to $7 is nothing great and not much income to help anymore.
I sure would feel a little more comfortable at $5 to $7 range but only if the production and cashflow, earnings, FFO etc are in our favour.
Eash person's level is dependant upon how big their investments are, how much is in Peyto, cash, cashflow, diversification etc.
It does seem like the unending selling in the industry has flittered away.
Many are doing short-term trading which does little for support but eventually they have to move up with the tide.
I don't care what anyone says regarding EV's, most have no clue where their electricity is coming from unless you have your own solar farm. Natural gas will be the big driver as demand increases as solar is just too inconsistent to supply hundreds of thousands of EV's. Sure Nuclear but that is decades in the future if they ever approve new ones.
And this is only the developing top ten countries maybe. Decades and decades for other countries.