Post by
llerrad5 on Jun 12, 2024 3:42pm
Nat Gas Prices and PRQ's future
Nat Gas prices have come from $1.52 in Feb /24 to June 11/24 - $3.16.
A very nice boost.
Now, where does PTQ go from here?
With assumed increased profits, can they increase production with the current capex resulting in a much higher cash flow per share?
Can the Ferrier feild only sustain limted drilling?
Will the Gray brothers aquire a new property to produce more gas and boost the share price?
For now the dividend is good and provides the Gray families with handsome annual dividend income. (Since they own about 75% of the PRQ shares.)
Perhaps that is enough for them?
If so, then where is the growth going to come from?