I've been looking for a good Natural Gas pure play and GST has popped up on my radar. I like the fact that they hold significant acreage in the liquid-rich South Western Marcellus formation and that many of their operations are conducted in the more business friendly and less heavily regulated state of West Virginia. This region contains the most economically viable plays in the US.
I’m not the best technical trader out there, but I see the stock has had quite a ride over the last 12 months, a lot of volatility. It looks like there’s a reasonable support around the $2.20/2.30 mark. What’s a good price point to open a position in the stock?
Getting now is not bad. Looking at my charts I can say we will slowly keep trending up to $3 in the next 2-3 weeks and then have a minor pullback at $3 to $2.90 and then trip a break out past $3.50. Before the summer is over we have a serious chance of hitting $4. IMO, long term this company is golden