GREY:CCZFF - Post by User
Comment by
Techsavyon Sep 01, 2012 8:53am
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Post# 20288727
RE: rig count down again
RE: rig count down again Re-read the earnings report, sounds like US energy services are going in the right direction...
"Revenue from the US Energy Services business remained relatively consistent at $4.4 million in Q2 2012 and Q2 2011. Year-to-date revenue increased by 13% from $8.0 million in 2011 to $9.1 million in 2012, driven by organic growth of recurring revenue from the Corporation's sales efforts"
Nat Gas has turned the corner, UNG should start to run in the next few months (been in a very long down trend) but 200 sma getting ready to turn up as well as a cross by the 50...FWIW
Always remember, "The trend is your friend" and UNG is bouncing up a clearly defined "up" trend line.