RE:RE:RE:PEY's SP rising inspite of lower O&G prices.I am not in possesion of the true. Obviously, its a game of probability (statistics) and this is only an exchange of point of views.
Looking at the new climate prediction from NOAA:
https://www.cpc.ncep.noaa.gov/products/predictions/814day/814temp.new.gif
it looks like it will pay to wait before adding some PEY shares.
Abnormaly hot weather accross the US until Christmas and inventory/storage over 90% full in
US and Europe is not encouraging for the producers trying to sell their commodity in a saturated market. I think Natgas prices have plenty of room to decline even more before year end. But we all know those prices are very volatile and may reverse quite violently.
My game plan is to wait for better visibility for a reversal of the situation. For the time being, market is flooded with natgas and the risk is for further downside for PEY. If it ever trades around $10, fundamentals will certainly look even more ugly than it is today. Technicals might indicate at that point in time we are at the apex of panic selling. Perfect time to buy, imo.
Again, this situation might not present itself, but it is very rewarding not to be caught on the wrong side and take advantage of it when the opportunity shows up.
For the time being, patience is greatly helped by the 10%+ dividend return.