inceptus.
I read that history show that when the gas to oil ratio is below 0,08(dont know how to calculate this, only if like this: 7.44/113=0.06584) then the power plants shift to gas. If they have. Sure the demand for gas is rising more. Anyway demand is higher than suply.
From Bloomberg: ``If I invested in natural gas, I'd be buying today because it's really cheap,'' said Peter Linder, an analyst and senior adviser at DeltaOne Energy Fund in Calgary. ``The guys on the sidelines are ready to jump in.''
I have'nt got time now, but here's the link: http://www.bloomberg.com/apps/news?p...
it's good reading for long holders. maybe this one also:
http://www.platts.com/Oil/Resources/...
It does'nt look good for qec right now, I just looked at the quote: 2$, but lookes like it holds it there. In oslo it went down to 10.65=2.08-2.09cn$ so maybe the guys are readdy on the sideline and just want to see if it can hold 2$. much buying here at 1.99$ and vollume just about 2.5Mill
hope we've seen bottum.