Celtic Exploration Ltd CEXJF

A perfect storm is brewing

[raggetyjack]

and Obama finally said the N word, as in, NATURAL GAS. It took this disaster for him to finally
wake up and smell the roses as to the potential it has. Now it's only a matter of time for
policy to shift and begin to support the infrastructure needed to promote change.
The Kaybob success for Celtic is good and Orleans just announced an 11 mmcf/d gas
find in western Kaybob where Celtic is active. Orleans should announce the second
Kaybob well results around mid month from the same drilling pad location.

I hope all are now happy with the split and price increase we will be seeing. This is/was the low
point for gas stocks this year and it's up and away from here. My top picks are CLT, OEX, TET and
maybe PXX if they begin to drill for gas in earnest when the price begins the upward ascent.
I'm expecting NG price of 6 by summer end.

Good luck all you CLT'er as we're up over 6 percent today and little OEX is up over 5 percent.
I'm sort of expecting CLT to make a run at OEX or AET.un will make a run at them soon.

Increasing gas prices will mean consolidation and nice gains for us all...lol

All the best.

[aldo01]

       any theories on why we have added  almost 2.5 million reported short sales during may, we have not seen anything like these levels since around 9/11

[raggetyjack]

Lots of shorts make 4 a balanced market.Someone is betting on natural gas staying down but now it looks like they will ave to coverwhich is most likely taking place now since we're up over 7 %