NG prices falling and consolidating around 2.00/mcfI'm pretty sure they are bringing down the NG price so they can spike ti back up on thursday when injections will be significantly below last year.
I haven't seen any estimates for NG injections for the week ending 22-apr but last year they were injections of 54 BCF and I doubt we will get anywhere near that, maybe under 20 if not 10 becasue the weahter has been colder than normal by a few degress.
so up will go the price of NG on thursday.
PMT is trading on this nbew swap deal at the moment, so a positive outcome with a big demand to convert will be the best scenario and a miminum demand to conver will be the worst scenario menaing that insiders will be doing most of the converting.
If I was a bond holder and you gave me a chance to convert risky debt for equity in the best NG E&P company in canada if not north america, I kpw what I would do.
give me those TOU shares right now and I will get 100% of my money back in 1 year if not sooner as the price of NG rises.
well, it's time for my nap, thanks again Lambs for the cheap shares you shorted, I really do appreciate it.
GLTA