Re: free gas anyone?
posted on
Jul 08, 2009 01:13PM
(Edit this message through the "fast facts" section)
Hey Jinxer,
Yeah what is it at now, like $3.30? I mean I really can't see it dropping too much more than this...I mean how can these companies even make money. The drilling has pretty much stopped, rig counts being down the most ever...yet it drops. This can only help the price in the future, but still too low in my books.
Really doesn't make sense for us to be down this much either. I mean 10% almost every day for the past few days...come on now..and when the market has been dropping like 2%..sure it's a beta stock, but not that much. I have no doubt that this is the work of big players. This is the only company in the Utica that has over and over shown great results and even nicer work by buying up horn river acerage for dirt cheap. Not to mention our other great assets. Some people are definantely getting there stock cheap, but to drop this much is ludacris. I can't wait for the day that this trades like a proper stock and people can't manipulate it or drive it down or even up at the drop of a dime at their will with only a few shares.
We've shown amazing results, the most promise...have other great assets, yet we take the biggest hits? That's the market for you. NG prices might have some affect, but we're not a producer til 2010, so really shouldn't matter.
Anywho, thought I'd toss that out there. I envy those that are able to get in at these prices.
Rocco:)