roleyman
PDN's contracts are on the basis of a $65 'base' price (I think) & half the difference between 'base' & spot. So at $130 PDN would be receiving $97.50
Also 'modern' contracts are written with delivery flexibility built into the supply side (as against older contracts such as ERA's which have the flexibility built into the receiver side). So I would think that the section you highlighted most probably means that they will be playing catchup for a while & this would mean that they would have to hang back on new contracts as LH output increases.
Although the current weakness in sp is more prolonged than the late Feb correction, it still has not been of the same price magnitude ie $10.62 to $7.54 in Feb as against $10.70 to yesterday's close of $8.10. So we are still in the realms of PDN making higher highs & higher lows.
All this changes, of course, if it closes below $7.54
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$11.66 |
Change
-0.170(1.44%) |
Mkt cap ! $3.487B |
Open | High | Low | Value | Volume |
$11.80 | $11.89 | $11.49 | $34.10M | 2.930M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10 | $11.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.67 | 6642 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 11.630 |
1 | 81 | 11.600 |
1 | 86 | 11.540 |
1 | 200 | 11.520 |
1 | 300 | 11.510 |
Price($) | Vol. | No. |
---|---|---|
11.700 | 2000 | 1 |
11.720 | 300 | 1 |
11.740 | 213 | 1 |
11.750 | 8532 | 1 |
11.810 | 2000 | 1 |
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