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Chesapeake Granite Wash Trust Message Board

  • grgsvll grgsvll May 20, 2013 12:24 PM Flag

    I see natural gas up big 2 days in a row....current month $4.137....nice

    will eventually lead to higher revenues for this trust.....Fairly significant move. With all the rigs in takes a while to move and utilize them for nat gas. I like the look of the supply/demand for natural gas over the next few years. Even the "greens" pushing natural gas as it has cut carbon emissions more than everything else put together. Nice div. yield. Protection (a bit) from inevitable market crash. I see $20 this year. Just thinking out loud.

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    • The problem here is that they seem to be content at netting 50% of the going rate for ng.

      • 1 Reply to jad9000
      • Yes, their hedging in place does result in lower numbers when the price goes up fast, and higher numbers when the price drops fast. That is what hedging is....comprende? A sustained nat. gas rally will result in these hedges coming off (expiring) and a higher price.

        On a seperate note, I see Wyoming which supplies 40% of the nations thermal putting in a huge natural gas fired power plant...and shutting down 3 coal plants. Cost is much much less. I think we are in a multi-year long natural gas price rise and stocks like this will be a great hindsight. Question is: where is the bottom? I do not know. Just buying in several lots if she comes down, which she cost averaging down.

    • and now $4.19......nice....

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