Post by
marketsense on Dec 19, 2022 1:53pm
Recession
Somehow the market is getting confused. A recession seems to worry people more
than freezing to death. Tell that to old man winter. I've had my gas furnace on for
the last few months and its not getting any warmer outside. You can only put
winter on ignore for so long. NG trading like its summertime out there . Yes we
know Freeport LNG is still out of commission with start dates keep being pushed
out weekly. Somewhat of a convienient coincidence for the Biden agenda lol.
Comment by
stockmarket1 on Dec 20, 2022 9:55am
And yet again today PEYTO share price is in the red! We're on a 1 month decline now. Ever since Ross Healy recommended this on BNN....its been heading down. I think this has been way over sold! Who the heck is selling, or would want to sell, knowing a monthly dividend is coming and it's been raised!!?? I don't get it!
Comment by
houbahop on Dec 20, 2022 10:18am
Three explanations: - DG1 bought last month. - Way too much Natgas produced in NA. - Investors got burnt many times because of lack of discipline from its producers. Only a cold winter in NA and Europe can save this sector.
Comment by
robert41 on Dec 20, 2022 10:29am
Have a look at all the other gas producers same story houbahoop is probably right to much gas investors are nervous about everything especially the ups and downs of this sector. Companies like Bir aav and a few others are buying back shares they must think there's a floor in the price around here. Lets hope they are right.