RE:RE:RE:TD: AECO at C$2 in 2020 with Storage Levels at 5-year LOWS
I hold ARX as well as it is very cheap, super solid balance sheet, high margins and pays you handsomely to wait.
On the other hand, YGR is crazy cheap, super solid balance sheet, best margins and grows fast.
I believe that people right now fail to recognize that AECO has changed for the better with new system and very low inventories while most if not all nat gas oriented stocks have been decimated.
YGR does produce quite a bit of nat gas or just over 50% and I think that it did suffer quite a bit for that reason over the last 6 months. Q2 would have been a fair bit better with AECO close to $2.
In any case, I think that both are survivors being both low cost producers with low debt. They should do very well if people start to think and act more rationally. These valuation levels are nuts.