and you are so smart. i want to be just like you. sit back and throw stones creating a negative environment because you have NOTHING TO SAY.....so throw a stone instead. YOU are what is wrong with america.......
nat gas is a commodity, and the traders will try to run you out, sooner or later. most likely, overnite, during a quasi holiday period....just like we have coming up
you KNOW that we will get a bone chattering decline in nat gas, sooner or later. shouldnt be an issue, imo.
UPL produces approx 57 bcf per quarter. Q413 hedge is only 12. Q1-14 is not hedged. Q2 is has 43 bcf hedged. Q3 43, and Q4 15. and..........their reserves are increasing in value. If you knew that an asset was worth $42/share and you could buy it for $21, what would you do? Most likely, UPL is used as some type of arbitrage play by a hedge fund in which they are LONG COG and SHORT UPL. this strategy works until the nat gas complex changes and price begins to increase. typically, the hedge fund will CLOSE their UPL hedge, and that is why the stock will rise.
i saw strong fundamentals a few years ago with HK, or petrohawk. i pounded the table and the board said the same things that they are saying today. HK was bought out in the mid $30s, and you could have bot all ya wanted at $18-21.
after years of having price under pressure, i believe that supply will now be under pressure. nat gas companies, especially UPL, should shine. Watford is going to be correct !!!!!!!!!!!!!!
we have options expiration to deal with. it is in the option's market makers best interest to push the stock down toward $20 (which they did), which would hurt nearly 6000 calls, and only keep 1500 puts in the money.
and, we have to get thru tax selling.
the pattern is a pictorial view of supply and demand and they tend to repeat. a good trader is well aware of the technical position.