Pine Cliff Energy Ltd T.PNE

Nat Gas Intelligence - May 6

[snowshoedb]

“Surging demand, underscored by seasonal peaks in power demand, record LNG and Mexico exports, and a robust domestic economy — all set against flat production — create growing fundamental imbalances,” Weissman said.

“I think the general view is that we are seeing little to no cancellations, and forward spreads continue to suggest full dispatch of U.S. LNG this summer,” Li said. “Our model suggests 11-12 Bcf/d feed gas demand this summer.”

U.S. pipeline exports to Mexico also are near record levels – regularly approaching 7 Bcf/d. “This summer, overall pipeline exports will be nearly 0.8 Bcf/d higher year-on-year,” Li estimated.

[Java7]

The story is getting better each day, nice to see that weather doesn't factor in anymore after a lot of years where it did matter.  java7

[optex1972]

Only thing is PNE has dwindling production and reserves. Just waiting to be bought out. Recall the most famous interview by BNN quoting PNE as the garbage man of the oil and gas industry. Still holds true today.