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Douglas Dynamics, Inc. Message Board

zratcliff 2 posts  |  Last Activity: Jan 20, 2015 1:44 PM Member since: Jul 25, 2007
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  • zratcliff by zratcliff Jan 20, 2015 1:44 PM Flag

    I know most of the focus has been on the drop in price of oil over past 3-6 months in relation to WRES stock. My intention was to buy some more WRES around $1.25 and hold until the inevitable rise in oil prices boosted WRES results / stock.

    That move was predicated on Natural Gas production keeping WRES in the good graces of the banks credit line. I figured around $4 for NG and we (WRES) could weather the storm. Now it's heading towards the end of January, winter has been unseasonably warm (except for about 2 weeks in early Jan), and NG prices are plummeting.

    Someone give me some good news on the NG front. Like "WRES" has X amount of their projected NG production hedged at X price for 2015.

    Sentiment: Hold

  • zratcliff zratcliff Nov 25, 2014 12:33 PM Flag

    The market seems to like the move. Immediate impact? up 6+% today. Long term? Consecutive "above average" snowfall seasons will ultimately determine the projection.

    Sentiment: Hold

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