RE:RE:New Marketing UpdateI just saw the new update after I posted.
The one chart that tells the tale is page 18.
They definitely have expectations of growth at these prices. If you don't need to finance extra $$ because payouts are less than one year, the only restrictions are the number of rigs you have at your disposal.
I am sure PEY has some pull should something become available on a long-term basis. Spending clost to a half billion a year definitely has some pull I would think.
On top of all this that growth is not at $2 or $3 but much much higher prices at least for the next 12 months. Even at $4 or $5 I am sure PEY is chomping at the bit.
I am not afraid even if prices did a quick drop to $6 which we know won't happen with shortages all over the place, rising demand and LNG on the horizon. 2023 is not that far away now for the new Cascades plant, imagine the returns at market prices for that plant.
Then a few years after as the LNG gets closer and closer pricing I do not think will end up in the drink again.
Never say never. There is always something we never know about or many at once combining to upset the apple cart. Thus the reason why we are here and most others are not.
I suspect a gap up today and maybe a new high for PEY. Move up to $17 to $18 to start a new platform, build strength and time will move us to $20 sooner than later.
Maybe Shenty will sell us a piece of his leverage?