dead forum for leveraged NG produciton companyas NG prices continue to climb then PMT will turn into a cash generation machine.
how high will NG prices go, at least in the short term (winter 2016) and with spikeS as polar cold air covers 80% os lower 48???
I can see NG prices climbing over 4 and spiking over 5 if we get really cold blasts during january and February.
PMT will expand their drilling programs in 2017 and drill to fill their processing plant capacity of 75 mmcf/d and if they have extra cash and NG prices are strong, they will increase plant to 90 mmcf/d , so things are looking up for PMT.
yes I'm biased and yes I do own a little PMT as a long position.
my target in 2017 is low to mid 3's with spikes if NG prices get over 5 /mcf.
dyodd and GL
p.s,. if you are a NG bull, then you are in the tight place.