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Celtic Exploration Ltd CEXJF

Energy Oil & Gas E&P


GREY:CEXJF - Post by User

Celtic Exploration Ltd > Wall St Journal: NG below $1 summer
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Comment by oilandgas111on Apr 09, 2012 5:25am
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Post# 19770754

RE: Wall St Journal: NG below $1 summer

RE: Wall St Journal: NG below $1 summer

I do agree with you and I dont understand how people can still hold CLT at $13 knowing natural gas price is heading under $1/mcf this summer (All the big oil&gas specialists forecast 0-$1/mcf for NG for this summer). You don't need to be Einstein to understand that this stock will be trading somewhere near $5 this summer. At NG under$1/mcf CLT is loosing money on all their wells.

This stock is still a compelling short I think.

See you at $5.

 

 

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