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Quicksilver Resources Inc. Message Board

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  • weatherwzrd09 weatherwzrd09 Apr 20, 2009 5:17 PM Flag

    Don't know why this continues to go up with natural gas falling.

    Well, I wish you well in KWK if you really own the shares as you say. I just bought today at the close, after comparing UNG ,CHK and KWK for MONTHS. I am under water with UNG, after holding through the winter, but I sure as hell ain't selling now!

    I learned my lesson, that weather doesn't trump a plummeting economy! I will ride it out now.

    I think energy stocks are being manipulated down, just as they were on the way up. I know weather, but I don't know how to predict this market manipulation.

    I just know that "they" will take NG back up again, at some point! I'd hoped Obama and Boone Pickens would've helped the sector more by now, but our day will come again before you know it. Maybe an early start to hurricane season? Lol.

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    • You are going to be waiting years and not months for natgas. They found way, way, way too much. KWK and all the other little guys are going to have to go broke before it rebounds. KWK, CHK many others will go out of buisness. XEC, XTO, EOG will make it, but have huge pain coming.

      • 2 Replies to cooldr.money
      • I don't disagree that many producers will go broke, but I would bet my bottom dollar that a heck of a lot of small, independent privately held producers go under before the well capitalized independents (read EOG, DVN, RRC, NFX, XTO, XCO, HK, KWK, CHK, ATN, APC, APA, XEC, SWN) go under. While the shale plays have proven that the US has many decaded of supply at hand, the point remains that the US must drill it to extract it. With prices at $3.20/mcf, drilling is slowing down (not grinding to a halt, which would really hasten the solution). I think most producers have stated that they need around $6.00/mcf to keep things steady. The pendelum swung to far upward and resulted in an oversupply. Now it will swing too far the otherway and result in serious supply decreases. Eventually equillibrium is reached. My guess, and the futures strip says that price is around $6.00/mcf to $7.00/mcf.

      • you're a nutcase.

        FACTS!!!!!????

        go broke...why? ng prices stay down because of capacity?

        arent you just guessing? LOL
        you dont give us any facts. all the small guys are going to go broke?
        LOL
        stay off the board please. let the grown ups post.

 
KWK
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