GREY:BNPUF - Post by User
Comment by
konzelmannon Dec 09, 2015 2:50pm
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Post# 24370107
RE:RE:How come other Natgas stocks are up
RE:RE:How come other Natgas stocks are up
Nothing wrong with management. They had some great hedges (good management) but all they can do is play the cards they're being dealt. Nothing they can do about multi-year lows in oil and nat gas both happening at the same time. Nothing they can do about a warm winter. Be thankful they have had good hedges. I remember in June 2014 some guy on BNN saying BNP wasn't his favorite because they were too heavily hedged. Funny in hindsight. 2015 would have been an excellent year for BNP if oil and nat gas had done ok. If you have a problem with BNP management, look at BTE. And it's not even really their fault either except a crash happened at a bad time for them.