MMs invest in money, not hopes and promises and that's just the reality of the market. And at the moment DNRG has no money but it does have promise, so the idea that PPS can continue to travel south is reasonable thinking. As to just how far south the PPS could travel will be determined by a few factors; how long DNRG stays dormant, content of the next PR, and most importantly the $1.2 billion filing. We should receive one of the last two within the next 8 weeks. At the end of February on the 23rd will have been 120 days since the $1.2 billion PR.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.