RE: Lesson learned?The longer gas prices remain low, the more violent, if you will, the rebound and the price is going to be. But I still believe we are not likely to see gas prices going to $8 or $9 as they were a year ago. We think more likely they're going to basically be within the trading range of, say, $4 to $6, closer to $5-$6. When you do that, you bring the gap in expectation between buyer and seller closer and, therefore, you get what you've been waiting for, an industry consolidation. This industry needs to reconsolidate so desperately because that would bring additional efficiency, clout, diversification, economies of scale and it will lower risk and increase return. It's only a matter of time before that will take place, which will be good for the stock, good for the industry and good for the country.
The only question for you should be: How to play this natural gas recovery? Then again, those of you with positions right now already have a leg up over everyone else. You see, once natural gas prices reach $6, we're going to see a flood of late investors. You know these kinds of traders. . . they're the ones that buy high, then panic on a sell-off and dump their shares for a massive loss.