Warm weather outlookin the US from NOAA (last update January 2nd):
https://www.cpc.ncep.noaa.gov/products/forecasts/
and natural gas production making new highs in North America.
Once again, Natgas producers are killing the golden goose.
Futures strip now under $4/mcf for most of 2023.
If cold weather doesn't come back by the end of January, we shall see
some 2023 contracts trading below $3. In this scenario, I would expect Peyto
shares to test their pre-dividend announcement level of $12.