RE:Reality goes onThe reality is PMT is in trouble like ALL other O&G companies, the reality is we all know the glut is not going away before next withdrawal season, we can see the number of drilling rigs are way down. But, the unknown side of reality appears to be getting worst, how much more shut-in gas is still waiting to tied-in, how long will it take for some lease obligations to run its course, now a day, one rig can drill up to eight wells or more on a drilling platform, how often can they hit the sweet-spots, their decline rate is unknown, so low rig counts is not a good reason to bet on O&G, there are more companies can make money on $1 gas than we can think of.
All the trees in the O&G forest has been so badly shaken, how much more can they drop, of course some of the trees will be up-rooted. I like to bet something on conventional gas companies like PMT, beside the supply and demand issues, there is a chance some day some frackings have to stop or suspended due to envirormental and health reasons, the chance is slim, but its there.
The over-supply picture should be clearer by Christmas, at least I think that's what the PMT people are hoping for. LOL CHEERS, GLTA.