Thursday, September 14, 2006

 

Position Updates: NGAS

When natty dipped below $5, I was going to cut my losses on NGAS, -4.5% for the day. If natty gets too cheap, it will force producers to "shut in" production and leave the drillers high and dry.

Basically, cheap natty will wreck the energy complex. My sources at big oil tell me that they will continue to drill, providing natty remained above $3.50.

Bottom line: I will hold my NGAS because the doom and gloom scenario is so obvious-- I don't believe it will happen.

# posted by Broker A @ 3:16 PM
Comments: Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?

 Subscribe in a reader

DISCLAIMER: This is a personal web site, reflecting the opinions of its author. It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.