Wall Street will look to see if it beats last years earnings. If it does then the low stock price isn't justified. Its not unusual for Nat gas to bottom out around the first week of August but those looking ahead of six months of winter see this as a buying opportunity especially with Nat Gas inventories
expected to be 20% below the five year average at the end of storage season. Utilities are forced
to burn a lot of coal this summer to bring up gas inventories. Gas usage will rise as inventories
rise and ase nat gas inventories get sucked down by Jan, Feb. prices will go higher. I
think at these prices stock is a good six to nine month hold.
Roof tops are in. SUNEs power plants are out.
Statoil is running out of oil in the North Sea and has a JV with Talisman in Eagleford, EnCana just bought assets in the Eagleford. Buying out Talisman gives them a lot of synergies in North America. Plus Talisman is
undervalued and the industry will be going under a round of consolidation as exploration costs escalate and
OPEC has the power to keep oil at $100/bb. which is so so and will drive mergers.
No one isn't really buying here just thievery going on. It sold off after earnings for a reason. Its going up on
It was 21 a few days ago now its 19.50. Why don't those 21 buyers step up to the plate. I sold my naked
puts Sept strike price 16 because I thought those idiots would be still buying as prices sinking to decade lows.
I guess those idiots have wised up and my 16 puts don't even feel safe.
that My options wont expire worthless like I want them too. Price are lower than when we last hit 16.