RE:RE:RE:RE:Macro chatTo get those prices...I used a -25% haircut for all of Cardium players to get a target price for end of Dec. Some may drop 15%...so I guess YGR may dip to 1.20-1.25.
15%-25% is range I expect Cardium players to drop.
Commodity prices are heading back to that pre 2019 range and Cardium isnt ideal for those commodity prices ranges.
January hedge prices is below 2.50 on aeco and July is near 2 bucks.
It doesnt matter if companies can tread water at current prices for NG and oil...its any type of selling is going to drop stock prices more than they should.....
And then u have high interest rates on top of this...harder even if you want to go back into market to borrow to invest compared to years ago.
My prediction stands that NG will cyple low enough in north america that the really poor and low producing NG wells will get perm shut in..gov wants this as lots of them pollute methane.
Warmed again...its way too warm again.