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YAN:CA V.YAN



TSXV:YAN - Post by User

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Post by Alucky_Oneon Jan 12, 2010 1:09pm
306 Views
Post# 16669162

Bullish on NATGAS

Bullish on NATGASHi all, the dark period for YAN seems to be over and we are volume and SP are starting to climb back to decent levels.  Due to the hurdles that our company as encountered, it as not followed the NATGAZ, 20% up trend that this market as seen, since it's Nov./Dec. lows.  The company is now in a much better position with it's partnership with Athabaska Energy and with the NatGAZ NMX index that seems to be wanting to break it's $6+ barrier, a ceiling that was tested at least 6 times since april 2009.  As soon as the $6 barrier is broken, watch out for a very quick ascension to the next support which is closer to $9. When the NMX was trading at $9, in Sept/Oct 2008 YAN used to be trading in the 0.20$ and this was without the presence of Athabaska Energy.

Several technical indicators on YAN are very Bullish as well as on the HENRY HUB NATURAL GAS - NG/10G:NMX index and since we are coming from a recent bottom, there is no other way to go than UP, UP, UP....

Good luck to all long of YAN and congratulation to the company to have manage their way out of this previous tough position.

alucky_one
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