RE:RE:RE:Why are people selling?My understanding is that in the Permain, and other basins, they are in the process of building a lot of Gas Processing infastructure because reduced flaring is one of the enviromental objectives that companies like Exxon thought were acheivable and reasonable.
I believe that may drive up costs in those basins, and places like the Eagles Ford where a lot of flaring takes place today.
POU is like holding 90% cash in those stocks, with a boat load of investment opportunity if they want to deploy the cash.
POU is a great place to be in a side ways market, not everyone can product at $61 dollars U.S..
Existing infastructure, and a 69 cent Canadian dollars is an opportunity for some companies, that is close to 90 dollars Canadian. The low Canadian dollar and great balance sheet could be an opportunity for some companies.
IMHO
MHP