GREY:CEQXF - Post by User
Comment by
nedbradonon Jan 13, 2012 6:38pm
299 Views
Post# 19403151
RE: broken ?
RE: broken ? market is extremely inefficient and too much emphasis is on computer trading and momentum these days. Call the company. Nothing fundamentally wrong whatsoever. Hedge funds etc taking advantage of the Natural Gas weakness and trying to make money on the equities, it's easy to trade fear. Should natural gas stocks be down ? yes, should Cequence be down to 2.05? no. based on Cinch and Vero Energy (last week) acquisition metrics the company would be a $600 million dollar co. Will Natural gas go lower, sure it can. they are trading (not investing) on it. If you believe Nat gas is a great contrarion play then Cequence will benefit with the commodity rise and be back around $3.10 (it was at 4.70 this year). It was $2.85 on Tuesday!!!