RE:RE:AECO back under 3.00Skylar1 wrote: Free cash flow Last i can see is aeco 3.53 spot which is under the price that PNE gets and Dec was 4.20 spot Tuesday prices. Now PNE normally sells there gas a month or so ahead when they see high prices like $5.00 so i bet they have sold this years gas last month. The forcast shows a deep cold front moving down to North America starting in a couple days BC will miss the cold . Yesterday you were excited about the shares you bought and today your giving up and throwing in the towel . I have a son with a mental illness and our family has been dealing with this for 30 years , i can recognized the symtoms and i believe you should see a doctor and maybe get out of the stock market. Good Luck to you friend.
Cold is coming soon. how cold and how long? I don't know but gas is in a structural deficit. Most of the last few years of gas production was associated. With oil production from shale formations in decline, this will only be exacerbated and many Canadian producers are only drilling to compensate for declines not to increase production.
With constricted capital from ibankers these days for the evil oil and gas producers, producers will have a difficult enough of a time to maintain production out of cash flow let alone grow production and provide their investors with a return at the same time.
I don't see any miracles for nat gas in terms of production increases on the horizon. especially if gas prices remain low again cobined with the above. I just don't see it.