debeaude Agree 100%, except for the statement that I see everyone using;
"NGL pricing will continue to improve and so will NATGAS prices"
NGL pricing did not improve, but actually fell in Q3.
US propane stocks remain at all-time highs, although prices have strengthened a bit in the last month.
And US production of propane is 10% above year ago levels.
If drilling for nat gas and NGLs has slowed down, how come production of propane is that much higher?
I agree that one day prices simply must improve, but I see no indication that it will be anytime soon, which is the timeline the company has set out to make some major decisions.
And I don't think operating as an E&P company on the Hunton is part of their plans.
But what do I know? I am just an investor.