Still Off the RadarThe market is still not buying that the latest spike in NG is structural and not a temporary blip. It is impossible to correct this overnight with new production. That is a few years of work to accomplsh...not a month or a season. This was inevitable and was the reason I started buying PNE in 2019 when it was .10./share. I sold and have bought in again before the recent pop because I could see that time was finally here.
The best thing PNE did was to convert debt to term debt. If they didn't do that it would have been a different outcome.
Enjoy the ride.