RE:RE:RE:RE:RE:Back to $1.50+ in no timeI am hopeful (not convinced... hopefull) that the drop in Nat Gas pricing in US is complete.
At the current prices I anticipate PNE to hold the dividend...I'm enjoying the regular pay cheque.
If they cut the dividend be cause of ongoing nat gas price weakness... I would remain supportive if they are trying to keep their powder dry for acqusitions at these lower prices. Sometimes success comes to those who are patient and can afford to buy at the both right time and right price.
I expect ongoing dooldrums to continue until some negatives are in the rearview mirror:
1) Freeport is converting 2 BCF/day and exporting
2) Concern over interest rates abates
3) The fear of recession deminishes
4) The mandated gas comsumption cuts in Europe are relaxed
most important items:
5) still hoping old man winter will provide us with one more good cold shot
6) I would hope US shale drillers take their foot off the gas.