RE:Nat GasSo everything is clear as mud.
Some are selling, some are buying, some can wait, some can't wait.
We all knew for well over a year about possible hedging losses. Some say just paper numbers some say real numbers.
We have all been pleasantly surprised I think about NG up around $4.
Money is like water, it travels via the easiest route. Higher NG prices WW, then companies in the US will export as much as they can at higher prices meaning less NG domestically.
Inventories are low, when prices rise this winter questions will be asked why?
We are now waiting for production to actually drop as DUC's are completed and few new wells are able to maintain production levels in the US.
I want all shares to be sold, so I can buy more at $1 again, please.
As most know the Peyto staff don't go nuts when things are fantastic and they don't over worry when they go negative. They work on the new options, lower costs and do deals that are for the long-term.
I actually think Peyto is worth more than it has ever been, just much harder to get recognized for it.