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Fairborne Energy Ltd T.FEL



TSX:FEL - Post by User

Comment by ecolo101on Apr 10, 2012 10:23pm
231 Views
Post# 19778796

RE: tenth session............

RE: tenth session............

we will need a lot of patience...............from the agency following energy:

The warmer-than-normal weather this past winter contributed to high natural gas working inventories that continue to set new record seasonal highs, with March 2012 ending at an estimated 2.48 trillion cubic feet (Tcf), about 57 percent above the same time last year. EIA’s average 2012 Henry Hub natural gas spot price forecast is $2.51 per million British thermal units (MMBtu), a decline of $1.49 per MMBtu from the 2011 average spot price. EIA expects that Henry Hub spot prices will average $3.40 per MMBtu in 2013.

But hey it will come back up. Timing is everything............

GLTA

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