Post by
zack50 on Jun 08, 2022 12:30pm
Just love this little play!
At $9+ /MMBTU, PNE generates enormous FCF.
Still plenty of buyers at above the $2 bar... hang on tight for a wild ride!
Comment by
Binkie on Jun 08, 2022 6:05pm
Me too Zack, we will see the first monthly dividend payment at the end of the month, debt is evaporating very quickly. They repaid half in Q1 alone as I recall. While it has been sluggish the past month or so, today was encouraging and I expect a whole lot more encouraging going forward!
Comment by
Skylar1 on Jun 08, 2022 6:55pm
I'm excited about the over $7.40 AECO so far this quarter , thats a nice chunk of change for the second , still waiting for another buyout to increase production.
Comment by
7Twiggy on Jun 08, 2022 7:03pm
I have also been waiting for that buyout announcement to come out of left field. Has been a lot of accumulation this past while. A week till the ex-dividend date. Should be an interesting 5 days, particularly as it looks like the sellers might be drying up.