RE:RE:NG might break below the $3 div threshold"I see Tonken doing whatever is required to keep that dividend in place."
That's the problem in my view. Tonken just raised the dividend 900%, so he'd lose all credibility if he was to cut it at any point over at least the next year or two, so if NG prices continue to remain low, his unhedged book will look like a bad move and I suspect he'll do whatever it takes to maintain the dividend even if it should not be that high, including reducing capex, cutting back on production, spending money strictly on existing / reduced production and necessary maintenance costs, etc. Not a good way to run a business.
Winter is supposed to be warmer than usual from Southern Ontario all the way to Newfoundland, and seasonal in Vancouver. The US Atlantic Coast is also expected to experience warmer than seasonal weather this winter along with much of Europe, so perhaps NG prices will remain lower for longer.