UPL is bullish on nat gas prices going forward. they will NOT be hedging their production. further, they project that at $4.50 nat gas price, their reserve values will ADD $20 per share.
And at 4.5 they will increase production AND return capital to shareholders.......but we need 4.50 and logic says it is very attainable, but market is sometimes irrational.
Long, strong and patient!
nat gas is a very seasonal commodity. it has strong seasonal trends to move higher in mid to late august, and mid to late february. we are almost at the conclusion of the weak seasonal period.