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Message: from Gastem IR

Re: from Gastem IR

posted on Feb 19, 2009 10:21AM

I really don't expect the price to move up this time around because we've had 2 or 3 cases in the past were price moved up significantly to reflect pending news, and we never got it. I think this time around people want to see results actually come out. And really, waiting for news and then getting in makes sense, because at least that way it's concrete as opposed to speculating when results will be released.

Tuesday is Forests' conference call day, and that they will be the day. Thinking about the situation IMO, if the results weren't what they wanted, I'm sure they would have just released it saying it and moved on. Jinxer, I think your point to slow things down is accurate. Forest has been in this play for many years now and results have clearly been up to rival many vertical wells in any shale plays. I think it's just strategy on their part. Talisman on the other hand has sold off many assets and is focusing on becoming a primarily ng company so this is good news as they'll focus there efforts and spending even more.

The price of ng is definantely pretty low, but with the rig count dropping everyday along with inventories, it sets up a 2010 recovery very well imo.

Rocco:)

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