Canadian Montney plays absolutely smashed again. PONY now -40% from recent highs, and all the other listed Montney plays not far behind. I stumbled onto some Canadian chat rooms , they have absolutely no idea why there is so much carnage , most are assuming some M&A/Corporate activity is imminent given deeply depressed pricing.
CE1 has held up well of late, but I should add that can be a curse when suddenly everyone notices that at the same time and we end up getting smashed anyway. fingers crossed here, I still do think there is news coming imminently.
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