GREY:HPXRF - Post by User
Post by
Analysethis2on May 20, 2012 4:06am
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Post# 19929492
Gas Prices
Gas Prices The stock price has been rather depressing lately. If it is any consolation, the oil industry as a whole has been dropping quite a bit lately, though HYX seems to have it worse than others.
The good news that could help is that natural gas prices have been increasing from below $2.00 per thousand cubic feel to now around $2.75. Hyperion's predictions are based on a $2.50 per 1000 cubic feet, which I had thought was quite optimistic, but now looks like it will be beaten.
I have bee reading that coal burning factories have been switching to Natural Gas at a significant rate recently, and this bodes well to support the nat gas price.
GLTA