Pou still buying here Natgas - I don’t have any clue why you compare pou to petyo and encana. None. Pou has turned into a massive liquids rich play. The issue they need to solve is how to get rid of all that gas so they can produce more liquids. Pou management doesn’t care about Aeco pricing. It can go to zero and they don’t give a damn. Because they can’t flare the gas, pou needs to find a way to get firm takeaway capacity for the extra nat gas they produce when the produce 110000 bbl of liquids in 2019.
Bottomline here is the company is buying back shares today at these prices. Last I checked, they aren’t idiots. Follow the insiders who are hitting the bid. I bought more today. The algos and shorts will get their collective faces taken off when a royalty agreement of $120m gets announced; when a non-core asset disposition gets announced; if a borrow at less than 6% gets done; and when the 2018 guidance (plus q4 results) gets amended to include higher revenue from liquids. Trust me - Aeco shmaeco. It’s a rounding error. The consensus is trading pou like a gas stock. I get it. But the consensus also thought wti would never again get above $50 only 8 months ago. Stupid cheap strong buy.