I’m wondering this too. My best guess is that the POO broke 80 and investors have just accepted that oil is staying high for some time and it’s been in the high 70s for long enough now that it will substantially effect WPL gas prices.
People are piling in expecting 45 SP I reckon.
If it hits 45 then I’ll wave goodbye to WPL until the next downturn.
WPL Price at posting:
$39.04 Sentiment: None Disclosure: Held