RE: SNG...6 month high breakout!?The one year chart for SNG is pretty meaningless without analysis of the events as they unfold. What I find interesting is that the baseline price for SNG has been steadily rising over the past few years. The big question for me is whether or not we will have as dramatic a peak on the run up for the next big well. Noval has a great track record for raising the money to drill the big exploration wells. If he gets a JV partner for the next mariner well as well as funding a TnT well, we will see some pretty hot action in the next 6 months or so.
The longer term charts can't predict that kind of event. Shorter term charting might prove to be advisable here. I made some real good money on both of the last wells SNG drilled. I hope to do so again this time around.