RE:RE:RE:RE:RE:RE:RE:RE:RE:How Peyto breaks even in 2019PounSand, I agree that Peyto reached rock-bottom because of the market forces (i.e,,low market price, lack of infrastructure, high debts, etc.) but we were starting to recover lately - even reached $11, and yet we always seem to go back to low $10's. There seems to be a constant sell-off and yet the sp is pretty much at an all time low. Who would be selling? I'm still down although I continue to average down. Hope the sp recovers soon.
PoundSand wrote: The stock is in the dog house because of the fundamentals, not because of "shorters". It's absurd to blame performance on short sellers when the commodity supply consistently exceeds the market call. You need to guard against the tiresome tendency to blame short selling for unwelcome performance in stocks. If the fundamentals favor the holders, they won't be so inclined to sell, but here, that isn't the case. Canadian gas in North America continues to be considered marginal supply because of it's remoteness to key consumption centers, and low profitability, that is the key impediment to stock outperformance.
That said, I bought in yesterday and added today based on my belief that supply/demand balance is tightening, and if balance is achieved, the marginal producers will outperform.