Stock price when the opinion was issued
He is bullish on Albertan-based natural gas because we have declining production and supply, increased take away capacity and inventories are at a 10 year low. The winter will eventually come and then there is the prospect of depleting storage. A lot of Nat gas companies have hedged away their Alberta gas exposure. Pony still leaves him a little uncomfortable, however. He likes BRK-T, TOU-T and ARX-T. The balance sheet of PONY-T leaves him pause.
The chart looks good at the moment. This has formed a double bottom around $1.70 and has been trading steadily higher. This is a good bargain potentially and has moved through resistance around $3. As long as energy prices continue to do well, it could rally by another $0.50 with $2.60 as key support.