It's really neat, because the chart of oil looks quite the opposite. In bear markets, oil usually goes down with other industrial commodities, but natural gas has really decoupled from the typical path. I'm currently long an OTM call vertical as of about two months ago.
I would sure hate to see this go down at 25, when the people involved say its 50-100 in assets, possibly more.
I hope they have a solid plan to protect investors and try to keep the concern whole, functional...
If I were the Chinese, I would offer $ 22-24 and see what the shareholder's say, or if any other competitive bids come it. Its a lock for their needs for 2 decades or more. Locks down their costs. ur economy looses, theirs wins. Thats why its sad to see the company moping around in the teens.
Apparently you're too young or dull-witted to remember a few years ago what happened when a Chinese company tried to take over a US energy company:
Washington Post Staff Writer Wednesday, August 3, 2005
NEW YORK, Aug. 2 -- Chinese oil company Cnooc Ltd. on Tuesday withdrew its $18.5 billion takeover bid for California energy firm Unocal Corp., saying it could not overcome resistance from politicians in Washington who said such a deal could threaten U.S. national security and violate the rules of fair trade.
In dropping its effort, Cnooc, of which the Chinese government owns 70 percent, said the opposition in Washington was "regrettable and unjustified" and that it would have increased its offer had the resistance not been so strong.
Cnooc's decision ended a politically explosive takeover fight but could have larger implications for already tense economic relations between the dominant economy in the West and the rising commercial power in the East.
Experts said Cnooc's withdrawal could lessen Chinese interest in future deals with U.S. companies ...