I highly recommend each of you look at the natural gas draw downs in the last few days. Very weak. Ng prices will drop below $4 per unit in the next few weeks. That means BR is a buy a $38. See you there folks.
Since when does BR's price discount the market only weeks or months ahead? The long-term is important.
Average NG storage figures are down signficantly Yr/Yr. Unless we get an abnormally warm winter, there will not be enough supply to meet demand, and prices will rise. Lack of investment in the natural gas exploration, and the time necssary to develop the LNG infrastructure suggests that supply will be an immediate problem.
If we see $38, it will be a major buying opportunity. I seriously doubt we see those levels.
Maybe the recent declines will shakeout the weak holders.