quote:Originally posted by Johnwayne: Well I see I broke two of my rules here. Never invest in a stock that releases financials on a Saturday. Also don't chase above 15%. Well live and learn.
Well I can see why someone would jump in HOGC. At /near an all time 52 week low + NG is on the up. + HOGC has recently hooked up a gas gathering system/pipe line + more wells to tie in PLUS all new management board members with top notch experience, Zimmerman/Storm cat and another with 20 yrs coal bed experience with a major.......all adds up to me as a STRONG BUY. But look what happened to the stock this morning. This is HOGC. Look at any/every coal bed methane stock chart. Nothing very interesting. Sure a few spikes, but then down turns. Good luck with HOGC....
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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quote:Originally posted by paulbest: Look at the NG chart. Its moving up for the past 4 days. its at 8.19/per Kcf. NG hit a short term high of like 15 PCF a few months ago. It will see 15+ late summer/fall. It will beging a long slow climb starting as of 4 days ago. Now what that means for HOGC is some significance. HOGC NG production is like 500K CFD, thats not much, but more is on the way. I wish you good luck with HOGC.
Paul
Paul you gotta be pulling numbers out of your a$$. Look at the charts for the last 8 years. NG got over 10 bucks only twice, not counting the 2005 hurricane season. In 2005 was a exception due to the 2 hurricanes otherwise the avg for 2005 would have been around 8.
quote:Originally posted by paulbest: Look at the NG chart. Its moving up for the past 4 days. its at 8.19/per Kcf. NG hit a short term high of like 15 PCF a few months ago. It will see 15+ late summer/fall. It will beging a long slow climb starting as of 4 days ago. Now what that means for HOGC is some significance. HOGC NG production is like 500K CFD, thats not much, but more is on the way. I wish you good luck with HOGC.
Paul
Paul you gotta be pulling numbers out of your a$$. Look at the charts for the last 8 years. NG got over 10 bucks only twice, not counting the 2005 hurricane season. In 2005 was a exception due to the 2 hurricanes otherwise the avg for 2005 would have been around 8.
posted
UP not sure which chart you are looking at. I have followed NG prices for the past yr. Look at the spikes during NOv/Dec 05. $14-15 on several days. Give me a link/web site for your chart. mine is called NYMEX
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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quote:Originally posted by paulbest: UP not sure which chart you are looking at. I have followed NG prices for the past yr. Look at the spikes during NOv/Dec 05. $14-15 on several days. Give me a link/web site for your chart. mine is called NYMEX
quote:Originally posted by paulbest: UP not sure which chart you are looking at. I have followed NG prices for the past yr. Look at the spikes during NOv/Dec 05. $14-15 on several days. Give me a link/web site for your chart. mine is called NYMEX
You will always see spikes up in the winter, it depends how cold it is in the NE and midwest. But to say "NG will be a 15" there's nothing to back that statement up.
posted
I purchase over 2.5 million dollars of NG a month at work. And have done so for the last 6 years. I'm not trying to argue with you but that statement has no backing to it.... thats all
posted
Sure, its an assumption. You can see all knds of guesses on oil prices. I recall yahoo posting a news break where these top 50 oil analysts /20 of which said oil would not go up/stay the same. I thought they must be joking. The next day or so, the militants attcaked the Nigerian oil port. Since then oil has not come down.
There is a school of believers in the Peak Oil theory, says oil price will rocket. And Jason Hummel gives a link where this guy rebuttals all /every argument of this Peak Oil camp.We all know oil will go up and not down, since last yr we knew this. So rough guess is oil 75-100 this yr, gas 8-12 this yr. Averages. I think thats a reasonable projection.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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quote:Originally posted by uptickds: I purchase over 2.5 million dollars of NG a month at work. And have done so for the last 6 years. I'm not trying to argue with you but that statement has no backing to it.... thats all
Sure I don't wish to argue with one who in fact is in the NG business. So hows my new projection look to you? Paul
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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posted
Barring any major hurricanes I doubt if we'll see ng over 10 bucks this summer. Throw in a hurricane in the gulf toward texas you'll see it around 17-18.
quote:Originally posted by paulbest: Sure, its an assumption. You can see all knds of guesses on oil prices. I recall yahoo posting a news break where these top 50 oil analysts /20 of which said oil would not go up/stay the same. I thought they must be joking. The next day or so, the militants attcaked the Nigerian oil port. Since then oil has not come down.
There is a school of believers in the Peak Oil theory, says oil price will rocket. And Jason Hummel gives a link where this guy rebuttals all /every argument of this Peak Oil camp.We all know oil will go up and not down, since last yr we knew this. So rough guess is oil 75-100 this yr, gas 8-12 this yr. Averages. I think thats a reasonable projection.
ah, peak oil. I'll give my opinion on this. I do not believe in the peak oil stuff. I kind of lean toward the russian guy who thinks oil will always be around. If you believe in the peak oil camp then yes, prices will continue to go upwards till there is no more oil to suck out of the earth.
Then if you read the bible it says that man will always have whatever he needs on earth....
3 different camps. which is right? you got me on that.
posted
I agree and am not a member of the Peak Oil theory. But as you say any major hurricane to hit texas/another can't hit louisiana, as we just had 2 majors, so we are safe for another 20 yrs....so its all guess if a storm will hit texas. But the uncertaintity factor greater than a hurricane is Chavez/venesula and insurgents in the mideast/africa. + the Iranian dude. All this makes for uncertainity. NG somewhat follows oil. Correct? Besides, lets assume gold/silver/metals go yp another 100% this yr. Why should gas sell at the same price it is today. All commodities are connected in some part.
-------------------- Do not invest on any of my suggestions Posts: 1215 | From: baton rouge | Registered: Apr 2006
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