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Message: Re: As goes Oil so goes Nat gas

Nov 13, 2009 08:21AM

Well, Inceptus. I read that the EIA thinks that the NG-price will be at or about 4.22$ for some time. This is a year to year price. To me it looks more like a buy on NG when it reach down about 4.30-4.40$ especially if econemies improve. The price is not because there is alot of gas, you know: supply and demand, but more the outlook, cause NG is the fuell for undeveloped and developing countries and more thinks it will be for developed also, because it's the most logic thing to do when we have to switch from fossill fuel to new energy. I read some posts on the danish engeneer's site and it looks like they agree on that. Like one wrote:" you can reduse CO2 with 50%" by using NG. So, we must see what the poleticians want. For Quebec it should be obvious to use and develop the shale projects and we sit on a good spot:)

Some sold early this morning in norway. I think that they were in only for a short quick profit, but this can take a few years. Pareto buys and SHB have been buying all of the week, about 200 000 shares a day. Not stupid, cause if they placed an order to buy 1 mill, then they would have to pay more.

I liked: we understand the operator
could drill up to four more horizontal wells as part of this pilot program. And the Antler looks very promising(I thought so:)


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