Post by
Ganga22 on Jan 16, 2025 3:51pm
Price Drop Today
NG is up +0.23 today. Is the price drop a result of the hedging by PEY?
Comment by
houbahop on Jan 16, 2025 4:29pm
Profit taking, imo. All canadian gassys got wacked today. At these levels, I prefer adding TOU over PEY. Hopefully the robot responsible of the hedge book at Peyto is programmed to add hedges when the price is above $6.50cad / MMBTU at Henry Hub.
Comment by
Ganga22 on Jan 16, 2025 4:34pm
Thank you for your comments.
Comment by
pkrash on Jan 16, 2025 4:40pm
Regular PEY action coupled with Trump Tariff panic has anything Canadian taking hits. Fundamentals are still intact. Buying opportunities.
Comment by
stockmarket1 on Jan 17, 2025 4:22pm
That is exactly what is taking place. This whole Tariff talk. Once it settles and it won't be as bad as many think ( I'm hoping its just a negotiation tactic ) PEYTO will trade past $20 before this summer. We will soon find out after next week. On the other side of the coin. We, here in Canada, need a strong Energy friendly leader.