Price targets are garbage. We all know that. What you need to pay attention to are the charts. XCO is breaking out: 10 EMA over 20 EMA on STRONG volume last week. See you in the 8's this week. Add on the dips.
well there is about 1600 Bcfe of storage left but normally we produce 2000 during the summer to stock up...so that implies a 75% reduction in production meaning that XCO, for ex., would need to go down to ~400 Mmcfe/day but their latest guidance said about 475/day so not much relief though they get down to act 425 towards the end...so that tells me it is probably not until sometime later in 2013 even with a demand increase unless we get draconian cutbacks in production...the question I have is if everyone keeps producing like XCO is guiding, and we don't see a lot more demand now, then where are we going to put it?????
Maybe you should look at a chart of the commodity? Not the stock. I do not believe the stock chart means much, when the commodity is in such oversupply....... I know everyone wants a bargain and NG is a bargain...... but it is a bargain why? Eventually, might be a long time. And I might have an interest in this stock at some price, but not $6.50. Maybe an analysis at a $1.50 natural gas price and the worth of the company there, might be a good exercise?
techie - - I am not like You, a dirty mouth - a Binky is a brand name of a pacifier used by children...they suck on it to soothe and calm themselves !..It has no real effect - it's kinda like looking at yesterdays charts - might be soothing but totally useless !