Q3 results out after market closure, Nov 5What will be the impact on SP Monday morning at 9:30?
Any comments?
With a good % of its sales hedged at higher NG price for 2010 and 2011, can it send a strong buy signal on the stock?
Obviously NG price remains low but FEL is well protected for now? Current NG price is way too low to reach 2011 target price of 4,70$ although some % of it is hedged.
One way or the other NG price needs to pick up ahead of winter. Let's see.
Monday will be interesting for sure... Going up or a little bit more down. Maybe an opportunity to accumulate!
GLTA