RE:RE:RE:RE:RE:RE:RE:Any opinions on support level? Timing?I don't think this is the doom and gloom recession the REpublicans keep spouting in the U.S., they are so bi-polar with everything. Never middle of the road.
Interest rates may go a little higher, gives a little room if things go too negative.
Inventories are so low and production levels could be maxed out in SA especially with peak oil.
EV's are definitely going to come onstream but you still need to make the electricity and if generating stations in the US are using coal instead of NG because NG is too high priced then what is the good of an EV. It is only the beginning.
Everything is pricey from Solar supplies, to pipe, to sand, rigs and people especially no matter which way you want to go.
So I will stick with Peyto and a few others, get my monthly income and see how things pan out between 2023 and 2025 with LNG.
Yeah my family is bugging me that I did not sell two weeks ago, but if things kept going like last year then I would be at a loss so to speak.
Just reread PEyto's last presentation and Monthly newsletter, will be interesting to see if they did indeed do any hedging at higher prices?