RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:No SupportRex...this line is impossible that you said "They need to average 1.80 gas to pay dividends, capex and debt"
Look at PNE's results from 2015-2019...so 3000 barrels of liquids from Certus is all of a sudden going to make PNE a cashflow machine?
Why has PNE always struggled whenever NG price are low...we have seen quality of their assets.
At 5 dollar NG this can make CF decently.
Lots of PNE wells dont make money under 2,50 NG prices.
Lots cant pay the property taxes as well produce such little revenue.
Low ng is worst for high operating ng producers which PNE is.