News in Dec.on 3 wells?
» a little ditty at the bottom with Schacter
If we are asking for Boone Pickens predictions, we can’t
go without checking with Josef Schachter. Schachter
still thinks that in the next two weeks, we will see a window
of opportunity. He sees $55 as the likely bottom
for oil prices, but he points to the big build in natural
gas this week and due to the mild weather, he wouldn’t
be surprised to see another build next week and figures
we’ll see natural gas drop to as low as $10.00 or lower.
But “that would be the opportunity”, he suggests and
when asked for some stock picks, he figures that on
good news Oilexco (OIL) could easily pop $1.00, but for
the big plays, he figures you go to Solana and Centurion
(CUX). Once the news gets around that Centurion has
four rigs turning on significant plays, he figures it could
pop $3.00 or $4.00 and Solana is involved now with
three significant plays, any one of which hitting could
make a significant difference to the company and they
will now have three different plays expecting results in
the first week or two of December and needless to say,
that can make a huge difference, he suggests.
Solana Resources
www.solanaresources.com
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