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Gastar Exploration Inc. Message Board

  • gatr55 gatr55 Jun 24, 2013 11:22 PM Flag

    Some good news and some bad news for the week.

    NG price up. Storage inventories up. Liquid prices down. Full numbers below:
    Overview:
    (For the Week Ending Wednesday, June 19, 2013)•Natural gas hub prices increased in most areas during the report week (Wednesday, June 12, to Wednesday, June 19). The Henry Hub spot price closed yesterday at $3.93 per million British thermal unit (MMBtu), up 19 cents from $3.74 the previous week.
    •At the Nymex, futures prices also increased over the week. The near-month contract (July 2013) rose from $3.777 per MMBtu to $3.963 per MMBtu yesterday.
    •Working natural gas in storage increased to 2,438 billion cubic feet (Bcf) as of Friday, June 14, according to the U.S. Energy Information Administration's (EIA) Weekly Natural Gas Storage Report (WNGSR). A net storage injection of 91 Bcf for the week resulted in storage levels 18.7% below year-ago levels, and 1.9% below the 5-year average.
    •The Baker Hughes natural gas rotary rig count totaled 353 active units as of Friday, June 14, a decline of 1 rig from the previous week. The oil rig count increased by 7 to 1,413.
    •The weekly average natural gas plant liquids composite price fell this week (covering June 10 through 14) compared to last week by 3%, and is now at $8.76 per MMBtu. Ethane and propane spot prices fell by 9% and 4% respectively, with weekly averages of $3.28 per MMBtu and $9.53 per MMBtu. Butane and isobutane spot prices similarly fell, decreasing by 5% and 3% respectively, to $11.39 per MMBtu and $12.83 per MMBtu. The natural gasoline spot price was up slightly for the week.

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    • Good time to add here , or is this stock still a falling knife?

      They've had some good press, but so far not putting out the results.
      Is Marcellus really worth more than what they are carrying it on the books for?

      Is this a pure spec play at this point, or does it have enough of a foundation to become a player in the next 12 months?

      • 2 Replies to dragon_legal_department
      • Not a falling knife - trend is actually good since beginning of year. Lots of value here. Can they unlock it is the question. Most people seem to think so. Lots of good posts to read on this board.
        It is risky but that is why it is a good buy at the moment. Maybe not risky like TC is perceived to be. But lots anything can, and usually does happen.

        Sentiment: Buy

      • Good Luck with getting an answer. None of these people every reply with mature helpful matter. They only put you down and disrespect you for asking questions. Only thing they want to do is talk to each other by showing off who is a bigger alpha male. Sick and stupid.

 
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