Pine Cliff Energy Ltd T.PNE

Analyst Comment

[retiredcf]

COMMENT

Natural gas.(A Commentary)

26/01/2023

 

Natural gas. Spiked because of what happened in Europe. Trouble with commodities is that manufacturers adjust. In Europe, price of nat gas has gone down, even though people thought it would be a terrible winter. You had a supply shock, and then companies did what they had to do to meet demand. There's actually a lot of gas around. The price may have gone down too much. It needs to stabilize at historic levels, somewhere around $3-4, and a company should do well from there. You have to look at a company's cost of extracting and selling.

Unknown

 

Paul Harris, CFA

 

[mjh9413]

Q4 should be good with prices obtained and new prodn going into qtr. Major gas price problem cud arise from Q2/2023 as we saw USA storage turn on a dime to bring above both 1yr and 5 year averages and NOAA is predicting predominant above average temps from about. June into winter. Have to hope PNE got additional 2023 hedges in place after the Nov 9th (~date of Q# financials release) and PNE has

[snowshoedb]

Good post... pretty much spot on