Post by
agoldbloom on Dec 08, 2010 9:32am
Pirce not reflecting recent rise in NG...
If you check the charts, FEL is lagging and is due for a rise in share price. Generally well regarded as a natural gas play and potential takeover target, FEL is due. NG equities in general haven't risen in response to the rise in NG over the last two weeks and today is no exception. Considering how "jumpy" the market have been, I wouldn't be surprised if FEL and other NG equities play catchup shortly.
Comment by
philr on Dec 08, 2010 9:40am
I hope your are right about a takeover but suspect the ng equities are held back because the natural gas price is below hedged prices, until it gets to $5.50 plus stocks like Fairborne will be held back.