Technically speaking this isn't strange.. I was waiting for this break out.
fundamentally? hmm well maybe.. NG isn't exactly flying, but the game is driven by speculators, so perhaps the buyers are those that believe NG will be much higher in the summer months. Lots of shorts still have to cover, and lots of potential longs still have to realize that natural gas plays are the way to go.
Remember that this company is mostly owned by 10 people....WR and TBoone are huge into the company as well and own it in some lots much higher than this number. It would be no surprise if they try to take this company private again- they can steal it for 15! And that would be a coup considering the Attorneys were screaming the last time that they $21 offer was way too low, that it was worth north of $30... WR and T Boone are anything but stupid and know full well how much its worth when NG goes to normal levels! They are patient, but the time to strike might be near, I just dont know. The NG rig count is at almost an all time low....D