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Cimarex Energy Co. Message Board

  • stockaphobe stockaphobe Feb 16, 2006 9:48 AM Flag

    Boone Pickens on TV

    Did anyone listen to Boone Pickens this morning?
    If so, If you got anything definative out of it, what did you get?
    tia
    sp

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    • Kid,

      Yes, I've had NXG quite some time and doubled up on it last year, fortunately before the significant move up that started in November. The company owns the Kemess mine in British Columbia and is in process of expanding it and developing other properties in the area. It's had a nice run since November '05 and is now consolidating to form a base around $2. Looks like it will participate in the next increase in POG at which time it will likely establish new highs. It's a solid producer for a low priced PM. Another that's worth a look see is Kirkland Lake Gold, KGI.TO, on the Toronto exchange. It has acquired the properties of 5 former producing mines and is in process of consolidating into one unified mine. They are in process of establishing new reserves and developing a mining plan. Much potential for significant production.

      Good luck with NXG.

      -- TOMM

    • "If you got anything definative out of it, what did you get"

      What I got out of it was that he didn't check the latest 15 day weather forecast. Now they're forecasting extreme cold all month. You won't get the 5 or 6 dollar gas he says with weather like that.

    • If there are no more geopolitical events and winter playsout as forcasted, NG will price $5-$6. Answer to energy problem is to remove NG from power generation. Oil will return to $60s, but he is not a futures buyer today.

 
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