RE:RE:Gas producers in WCSB, 5 year highs & present share priceonly one company on your list sold itself as a stock for CONSERVATIVE pensioners, widows, and orphans, and operated their business to ensure Stability.
Yasch22 wrote: A few random warnings, lessons, & ideas from this list.
1. We all know this: the decline has hit everyone in the Basin in the past four years. The best managed companies have taken a beating, and in a few cases all out of proportion to the quality of their management.
2. A few companies have done tremendous things in the past 18 months, like Tourmaline, increasing liquids by 100%, hitching a great long-term ride on a new pipe (GTN) out of the AD Basin, etc. That ought to be reflected soon in a much better sp. Today's spike for TOU was probably crippled by profit-taking, but the uptick should resume sooner than later.
3. The more liquids you have, the brighter your future. Until of course NGL + oil prices collapse again.
4. Get some mid-level stability back into NG spot & strip and most producers are thoroughly viable again. For the low-cost guys like TOU, AAV, and PEY, we're looking at something better than viability. The companies with really low costs plus a high percentage of liquids should skyrocket when NG prices stabilize for Canadian gassers.
5. The list actually looks somewhat rational, where high-NGL producers and/or low-cost producers have suffered less than others, and where some of the smaller companies with genuine debt problems + cost issues on top of low NG prices are in huge trouble.