why PEY is going downfolks,
take your emotions out of this question. PEY is a great company and will show significant sales. It has also managed to collar the price of gas for this coming year (at least a portion of production).
I'm not trying to put water on your parade, but stand back and the facts say:
1. with higher prices there was an explosion of wells dug;
2. summer has not been as hot as traditional --> less electricity = less natural gas to fire up the turbines, and
3. easing of oil prices --> lower oil prices = less natural gas
So whether you like the explanations or not the fact is that natural gas prices are coming down. Small, unknown company, like PEY trades strictly on its earnings, but unfortunately not followed by any big broker.
My advice hang in for the long term or lighten up a little and buy back at below $2.50
My three cents worth for whats its worth.
Cheers