Under 3 buck nat gas......how could it be? It is amazing to think that eveyone thought 3 dollar nat gas was here to stay and that things are turning around and that PMT was going to give a dividend etc etc. I poster said that I just don't get it. Funny, fundamentals have not changed and yet eveyone thinks PMT is going to the moon. The weather is the game changer here and although it is hot, it never is just hot enough to really make a difference. Nat gas went higher on speculation trading and nothing more. Funny when it gets over 3 bucks it is going to 4-5 and by next year even higher. I doubt it.
PMT the company has changed. They sold assets off and changed their capx program. They are not the same company they were a year ago so if you are basing your investment on a company that once was then you will loose this game. Nat gas is on stilts and just took a huge hit. There will be further hits to come towards the end of summer. And to the poster who said I was like "1000%" out of nat gas prices, how them apples look now?