OTCPK:PDPYF - Post by User
Comment by
tvstockon Mar 23, 2017 7:53pm
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Post# 26023337
RE:Why would Bir go 8% up, ppy only 4%
RE:Why would Bir go 8% up, ppy only 4%Nuttal has sold BIR out , that is my perception during his interview on BNN this afternoon.This is probably one the the reason why BIR is severely down.
BIR is seemingly breaking out of a down channel . If it breaks the 50 day average around 7.6 the upside is huge.
Nevertheless all NG stocks will be pulled up. Watch BIR as a lead. NG fundamentals are very strong in view of a near 400BCF drawdown in US inventory year over year after one of the warmest Winter. PPY a no brainer .
Nuttal is more bullish on OIL than NG, but I hold the opposite view. Remeber OIL needs OPEC cuts. NG is in a structural deficit , the surge in associated gas with increased shale activity (the main bear factor now) can't balance it. And lots of LNG shipped away from America.