QuestionThis stock puzzles me. I am trying to understand why it keeps going down, despite natural gas prices moving up.
The number of shares outstadanding has stayed stable over the last 4 years or so.
Production is flat, maybe slightly up next year
Adjusted fund flows in 2023 of $855M vs $1,020M in 2022
Free Fund Flows of $600M in 2023 vs $660M in 2022
Hedging is not the problem
I am not sure if these are good enough reasons.
A number of institutional investors have completely sold their positions in 2022. I am trying to find out in which quarters to see if it is in Q4, 2022.
Anybody can shed some light as to what is happening that is not liked by the market?
Thanks for your help.