Natural gas hit a high that goes back to 2011. It may turn out that the entry into the gas business may not be our undoing. We need some of these wells to come in to offset the huge increase in our debt position. Hopefully the dividend is maintained and with the Fed staying the course on printing money the rate of return is sufficient for now.
I don't like the way it basically closed flat after having some good momentum. JJC it went up and stayed up on ccpper price, but SCCO did the same as FCX. Makes you wonder if there were no earmings woud it look any different. Max option pain right now is 28 so my guess is that unless there is other circumstances that is where it closes.
Friday pivot point is coincidentally $28.00. As bully pointed out spot copper prices are dropping, $3.12ish now even though gold and silver are flat. The share volume has this week is the highest of 2013 and other than the acquisition extravaganza, should finish higher than any other week in 2012.