Just added another 7k x shares at $9.94 becauseNatural Gas US$3.761/mmbtu vs US$3.805/mmbtu yesterday: - US natural gas futures fell over 10% yesterday, falling to the lowest level since August on forecasts for warmer-than-expected winter temperatures
- The leg lower builds on last week’s more than 24% loss, which was natural gas’ worst week since February 2014
- The contract for January delivery traded at US$3.68/mmbtu
- Outside of modest increases in LNG feed gas demand, the sharp move higher Friday occurred despite notable further deterioration in the fundamental picture for natural gas
- European prices continue to hold up on last week’s news that Germany's energy regulator has suspended the approval process for the Nord Stream 2 pipeline last week.
and PEY specific: (a) good Pres. Report;
(b) Stochastics on technical chart:
%K looks to be
turning up; and
(c) Addition to
S&P/TSX Composite Index from the open of trading on Dec. 20.
These are my views only.
Thanks for reading.