RE:RE:nat gas prices up again on continuing hot weather...This market continues to perplex me but it seems Q2 numbers will need to be released before this sector gets any appreciation . The fundimentals haven't been this good in decades , this sector will be gushing FCF yet investment dollars are restricted by "political correctness" and "ESG myopic views" .
Like it or not , oil and gas can't be replaced with today's green technology . Demand continues to ramp up but NA production is flat or falling which will continue to be supportive for prices . In 4 weeks Q2 numbers will be released giving everyone the first real look at this combined enterprise and when you consider production/prices , you know these numbers will be eye popping .
NYMEX nat gas is trading at $3.62US , AECO is $3.32 , I'm surprised these prices aren't spurring more interest in buying shares