RE:RE:RE:Nat GasI agree on gas going higher. I don't know how much room AECO has to run, pretty mild winter out west so far, but Nymex could go to five bucks, it seems, if we get a cold winter. Storage is way too low, IMO. In any case, VII's dry gas is now the hedge agains the ridiculous Alta oil complex discounts, that might help Q4 nicely, as far as cash flow goes.
On the WTI call, that's tough, if we bounce from here, I would figure maybe $66, but there are too many funamental factors at play right now to call a trend one way or the other. I'm guessing you're right with the 52 being bear market territory, let's hope we don't get there.. even 55-57 range would hurt us pretty bad. Intuitively, I think the 60 'ish might hold, if one goes back to the spring levels, looks like that might be support here.
good day to all, time to go about business ..