The weather on the East coast this year has been profoundly colder and pounded with snow storms AS COMPARED TO LAST YEAR. The last quarter financial reports reflects these colder weather changes and translated in increased profit yoy. This stock should be at a price of 5.30.
Pounded by snow storms? There was one big snow storm. in the NYC metro area so fat this winter..and most of the snow melted in a few days following rain and temps in the 50's. I would agree that it has been on average colder this winter than last; but all in all not profoundly colder. I only recall one day when the temps did not break through the freezing level. My oil consumption...I reside in the NY metro area...is about 4 % more this year than last year at this juncture.
No kidding it's March, not January or February. Temperatures tend to start rising in March, you think???. Why do you follow this board? Regardless, it is one of the most under valued stocks out there and their last quarter results proves that. It's interesting you don't bring that up in your posts.
Why do yout think I am focussing on New York? SGU serves other States besides NY. And yes I follow temps. The temps have been between for the most part this winter between 20 and 35 degrees, vastly different from last year and has reflected in their last reported earnings, explain that report away.... Therefore I don't know what you are talking about. How do you also explain 200,000 shares being traded yesterday and the stock up 7%. The stock unfortunately falls back on light volume. Why are you following this board? are you a buyer or short seller?
After reading your post, I check my heating oil use and it's up 28% Jan from last yr. In the month of Feb we had 8 days the temp didn't get above 32 check the weather channel. I have to say you must be spending the winter in FL.