The price of oil is down to $70ish, but NG is holding up well, even with the numbers coming out on increased reserves...with winter coming up, hopefully cold lol, we should see an increase. Even after writing that lol, it really doesn't matter to us now does it. I guess the fact that 2009 is a pilot phase, and 2010 a production phase...by then I believe the crisis is well on its way to being sorted out and the economy will be better off...I guess our real question is what will NG prices be in 2010 and on. The globe should be out of recession or on the way to recovery by the time production ramps up, so higher gas prices by then will be realized.
I notice that Forest Oil is up today, when most stocks are down. Even Encana, on a day when oil is down heavy, isn't selling off much like it did other days when oil was down a lot less. I think sellers are drying up and people are just saying this has gone on enough and are holding (some too late to sell)...the market is pricing in everything that is negative now...and will recover far before economy does.
Rocco:)