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Venoco, Inc. Message Board

  • waywol waywol Jun 27, 2012 4:07 PM Flag

    Financing Outlook

    NatGas hit a 5 month high today before pulling back; it has bottomed and is recovering with daily trends now up. The number of rigs has declined sharply - by about 70%! Oil appears to be bottoming - and VQ is not tied to WTI prices. A natgas company IPO did very well today. So there are lots of reasons for optimism - financiers should be well protected from any significant downside risk.