GREY:HYKCF - Post by User
Post by
David_Adellon Jun 02, 2009 7:24pm
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Post# 16038352
Others are noticing this gem finally!!!
Others are noticing this gem finally!!!I have liked this stock for the last 5 years. Regrettably it has had a few bad quarters as most others have in the nat. gas space also. However, I think this Company has many positive attributes associated with it. Ii know recently that CEO and CFO were in China for 3 weeks. I am inclined to believe there is possibility of some rig builds there in the not too distant future. Hurricane season has officially started . Infrastructure projects are becoming shovel ready, heating season starts, and oil upgrader projects in US and and Canada will help move natural gas prices forward. All producers/explorers have cut back for 9 months now, and cutbacks in supply and slow demand increases will cause a steady eddy rise in natural gas prices. Some other small caps have already moved back to middle range of 52 week highs and lows, . I own WZL, and E and RUN. Ironically HYD is superior to these companies in terms of valuation, and I expect HYD will catch up to its peers in this space shortly. Also, Hyduke's biggest customer is ESI and their stock has been on a tear lately, so I expect them to contact HYD to do alot of service work in their drill business as they prepare to execute for the next bull cycle. Interesting to note how few analysts are recommending nat gas plays yet many of these players have doubled off of their lows. PD.UN , ESI, TDG, ECA, SGY,ECA etc, . Fnally the lowered US dollar will be of healthy benefit to natural gas prices and other commodities. Some runs have already been quietly been happening. Later when hurricanes cause havoc and flooding snags up pipelines etc, then the bullish calls will be made by analysts. Always go contra to what the analysts ( bandits) are telling you. DD as always.