The recent drop in prices for NG reflect the anticipation of warmer weather....but as Friday's price gain shows, UPL was oversold.....
The drawdowns in inventory are better than expected, and while this next week is looking like a little bit warmer weather, the forecasts are showing signs of a harsh return across the US....
Then get a few more approvals for LNG export by President Obama and more coal mines shut down (some say by President Obama) and the price of coal and natural gas will be going up!
Sentiment: Strong Buy
you better tell yahoo since their earnings is projected for peg to drop to only around 1.00 per share!
correction- i meant UPL NOT PEG / earnings projected to drop to 1.05 for 2013 according to yahoo's statistics!
And they lived happily ever after...
Sounds like a Goldilocks fairytayle scenario.
Reality is there is a glut of gas in storage. Freezing temps are normal in the winter season. The next earnings report and call will be very revealing. The board will be calling for Watford's head.
UPL will be at $15 before summer.
If he hasnt hedged 2014 NG at 4.50 when has hits 2 bucks, he will be skewered
I need some Obama Bucks for the winter ---- hahahha