Re: No Sell Off And Strong Finish
Nat gas has been slowly creeping up over the last little while. We could very well see 8.00 on gas by winter. Lets not forget that although we hear alot about how much gas is on the market the industry itself has done very little over the past few years. When the dynamics change the drill won't stop turning cause we'll be playing catch up. Oil also seems to be making its way toward 80.00 again. Its no suprise to me that PD moved so quickly off the bottom. So this is all positive for drillers and IMHO TDG shouldn't be any different. It seems that the oil/gas service sector is also improving and more active from what I'm seeing. I keep hearing that in the U.S. drillers are very active but can't confirm this. With land being bought up tells me that exploration has to be next in line.
Looking positive to me so its HI HO AWAY WE GO!
Always do your DD