RE:Another chance to participate….I don't see this recent huge drop as permanent in the overall scheme of things.
As each successive earnings report comes out it will just be a reaffirmation of the
longer term picture for CR.
As the price of NG moves up during this winter cold stretch there will be short term
swings such as today.
I moved a little bit to PEY today as I got way too low on PEY and then had no opportunity to trade but I really don't want to do trades anymore other than a quick turnaround.
At some point, older hedges will just be a thing of the past, a distant memory, and most companies will have newer high priced hedges in place for a year, two or three at least for some part of production to lock in costs.
Some of these new wells CR is drilling seem like they could be hugely successful.