Field No.#8 in Prudo Bay, AK. shut down this week due to severe corrosion and substantial leakage. Reports have it offline for weeks or even months. Sweet crude is already skyrocketing in Europe as a result -- and the USA is next (guess what that'll do at the pump). Pipelines are hot cause they will be needed to transport ethanol when produced (stainless). And now this incident makes them even hotter. At .55 GNRG is a cheap, but excellent, pipeline outfit that could be poised for a run-up on the coat tails of the big boys in this sector. Any thoughts?...
Posts: 669 | From: Gouldsboro, Pa. | Registered: May 2006
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