Nat Gas is going to be huge So I've been tradin
Post# of 39368
Nat Gas is going to be huge
So I've been trading Nat Gas this year and already been on the hunt of these kind of plays. The simple reason is that I think Nat Gas has bottomed out this year and I personally know of several NG export terminals in the works along the Gulf Coast. The reason is that my dad is a project engineer with the company in charge of planning their construction.
Here's a couple of articles I've already posted on my board regarding nat gas:
http://investorshangout.com/post/view?id=181539
http://investorshangout.com/post/view?id=181596
I am looking for prices getting up into $5/mcf around the middle of next year.
The rest of the 10 Q came in with no surprises for the most part. We need to get some follow up news on McComas, though. I am not holding my breath for any near term resolution on Belize for the reasons I mentioned in earlier posts.
The 4th quarter should show some improvement, and we will have two back to back quarters of revenue growth in the books to end the year.
Take a look at the NG futures below and you will see a clear weekly chart uptrend and see why I expect 5 bucks/mcf in the not to distant future.
[IMG]http://i.imgur.com/8p6CE.png[/IMG]