RE:TodayYeah I went and had a peak at the NG price as I saw my more oily stocks were up and my NGs were not following.
Funny with this one as you would think there would be a sweet spot with the hedges where you are making the most money and paying the least in hedging and royalty losses and it must be less than where they were trading at during Q1. I guess there are just way too many variables to consider so the market takes the easy route. Down is always a safe option for them.
Even though ARX dropped below that breakout level and that top trend line it is still trading high in the upward ascending channel and has not dropped below the $19.61 resistance level yet. It will be interesting to see if get there and bounce or recover before.
After all we are an oil stock too!
GLTA Longs
retiredcf wrote: Anyone wondering about this morning's decline in SP, BNN just featured that the price of NG is down 13% as the market digests news about delays at the Texas refinery that earlier suffered a fire. GLTA