Next move up or down?
Earnings will undoubtedly come out negative given natural gas prices, but everyone knows it. Some institutions seem to have put a floor in around $1.40. We are a five months away from breaking ground, which mystifies me as to the share price. The only issue that really comes to mind is fear that the company is a phantom (nice way to put it). This is HIGHLY unlikely given some of the institutions that have bought into it. However, it is understandable given the recent past.
I would expect this to pop to $3.50 to $4.00 sometime before the end of September, even higher IF Obama attacks energy with the same zeal he promised in his campaign. Any thoughts?