PEN peninsula energy limited
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why would anyone buy their current contracts when they were...

  1. 92electrons
    4,977 Posts.
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    30/04/25
    00:45
    Post #: 78849703
    why would anyone buy their current contracts when they were written at around US$53 lb verses new term contracts that can be written at US$80 lb.

    Even without a contact producers can sell into the spot market at US$61 lb

    so as for their current contract they are worthless in my assessment
    PEN Price at posting: 62.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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