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Royale Energy Inc. Message Board

  • fastball.98mph fastball.98mph Jan 19, 2013 9:06 AM Flag

    Nobody is mentioning Natural gas.

    Two weeks of strong storage draws have bounced the price up 12%. Last weeks numbers looked to be a factor of scaled back production, because much of the midwest and east had been under a warm front. Now another artic front well sweep across the midwest, and hopefully the east. Even though most of the chatter is on the north slope, I still think of Royl as a pure play NG...unhedged! It will take about 2000Mcf/d to roll over last years production. That can be done with only two wells, or maybe one very good one. Going foward it will take little capital to achieve 1x.2x.3x..production growth. It's a play off last years comps which were terrible. Yesterday I went against a few of my own disciplines and bought some in the $2.60's...once in a while you have to get your head out of the books and think risk/reward.

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0.72+0.1700(+30.91%)Jul 25 3:56 PMEDT