get the news out!
supply will start to pick up as regions where Fracking is going on warm up. The supply was temporarily slowed as far down as texas because of the unusually cold period we just went thru. Watch the rig count for natural gas drilling pick up, first sign the drilling will pick up. There is so much nat gas but when prices got down to 1.80 MCF a lot of companies switched to oil Fracking and stayed away from nat gas reserves. With gas in 4 to 5 area they are starting to go back and will over supply it again. Demand is also switching from nat gas to coal again as its way cheaper so demand will slack soon.
70's in midwest this weekend, the great thaw has begun!
as soon as weather warms up next week in tracking areas in permian, oklahoma the fracking for nat gas will pick up dramatically and supply will pick up quickly. That is the beauty of tracking! There is tons of supply out there. Price back down to 4.00
you could see blocks selling on offer side which wasn't a good sign.
now that we are back to almost where it started .90 to 1.00 (4.50 to 5.00 post reverse split) it might be interesting again. I'm concerned on managements lack of executing any business plan to ramp up sales in an industry that is doubling in sales…...
stock way undervalued