Pennant Energy Inc PENFF

RE: RE: RE: RE: RE: Numbers Are Up On SEDAR

[wintersun10]

it depends a lot on the prices they get, the first three months the nat gas price was much lower, so the question is will nat gas recover or not, and of course will the price for NGL's improve, improved prices are the way out of the hole.  with so many fewer wells drilled sooner or later nat gas will go up, you can see it with PEN alone it takes about a year after drilling before the well produces, so there has to be a lag time before nat gas production slows down.