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Perpetual Energy Inc T.PMT

Alternate Symbol(s):  PMGYF

Perpetual Energy Inc. is a Canada-based oil and natural gas exploration, production and marketing company. The Company owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, and undeveloped bitumen leases in Northern Alberta. The Company also has a portfolio of oil sands leases which have bitumen resource potential.


TSX:PMT - Post by User

Bullboard Posts
Post by shambano1on Nov 01, 2016 10:26am
71 Views
Post# 25409814

warm weather affecting NG prices?

warm weather affecting NG prices?NG getting hit hard today as the weahter warms up and demand for heating gets reduced.

i'm not sure a big drop like we are seeing today is warranted for short term weather patterns and I'm also not sure that it will cause a big increase in injections for enxt week as there are other sources for demand, like LNG and power generations and exports to mexico but it might have a smaller effect for sure.

still a big drop in NG prices I don't think is warranted and I will go long on NG or PMT if there is anyone willing to sel me their shares in the 1.85-1.80 range.

thanks in advance 
Bullboard Posts