RE:The last timeI agree. The N Gas futures price is down .12 Cents over the last 12 hours ago to $3.87.
PEY share price may consolidate over the next 60 days. Typical thinking is that HOT spots in NA will require more A/C/electricity then settle.
British Columbia has just put another LNG project on the drawing board. In addition to the one currently 1/2 built.
Europe is still short on NG and NA will ship all it can. Russia has kept the NG taps turned down. This NG comes viia the Ukraine.
Australia built 3 LNG terminals in the last few years. This all contributes to N Gas becoming a world priced commodity.
Europe's prices are over 3 times that in USA or Canada.
That coupled with a coming COLD winter will acelerate NG price smuch higher.
Does anyone know if PEY has issued new shares in the last 6 years??
What is their debt load? If large they may need to pay it down before raising DIV.
Will look up a balance sheet.