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I don't see a recession. People will adjust to the new gas prices IMO. Remember, Gatorade is around $10/gallon and bottled water around $ 21/gallon and that has't put us into a recession yet.
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AMEP--STRONG BUY AND HOLD!!!!AMEP has tons of leases in the Barnett zone!
By: 1greeneyedhawk 29 Aug 2005, 10:44 AM EDT Msg. 22525 of 22526 Jump to msg. # "While sources close to Shell's decision-making process indicate that no decision has been made, there are projections that Chief could command a price of nearly $1.2 billion, or roughly $6,000 per acre" (for Barnett Shale acres)
AMEP has 7,000 prime acres of the Barnett, that also produces Oil. Most Barnett wells only produce NG Natural Gas.
7,000 AMEP acres in the Barnett X $6,000 per acre = $42 Million. Of course Chief has much more production developed and much more equipment and much more infastructure. Point is ...I believe that AMEP leases are undervalued by the markets, and that will change when CB decides to have the company and leases evaluated by an independent Oil & NG engineering firm. ... greeneyedhawk
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