Says NG is going to triple in the next 5 years. Good article in Seeking Alpha on CHK by Devonshire covers it. CHK would be a strong buy for the longterm. Just like DEJ. Try to read the CHK article, then consider the implications for DEJ. Twenty cents a share, is, like, free. Goldman just came out with a target on the .SPX of 1900 by 2015. If true, the rising tide will be lifting alot of boats. The NG energy complex would be ripe for huge gains.
Who is conrolling NG market? Producers. What price do they want? At least $6. When will drilling start again across the board. Maybe when gas is over $6. Maybe. NG liquid exports plants come online. Yes $16 is out of line a bit but $9-10 isnt. Everyone needs to remember that the DEJ team thought prices would stablize at $6 when it started coming down. Who would have thought it would go below $2. It will climb higher. Rig count continues down. Why? No one wants go give it away at a loss. Why do you think so many NG producers have HUGE debt right now. They were giving it away to hold leases. Many had to sell of or give up land. No one was making money at $3 no matter what CEO said they could.