Post by
1rockit on Aug 25, 2024 2:33pm
$$$$$ ,
Well , I'm all in!! And when I go into a play , I go all in. Technically, I think the bottom has been put in . The raise is behind us , 4 million in the till and nothing but blue sky and good news ahead of us. Even the price of nat gas is playing my way ! At $2.00 US per mcf ballpark , I think the gas price should start to move in the right direction. Even at $1.75-$2.50 this company will make very decent money because of the very high production profile and the terrific metres 100+ on the second play. I'm a trader so I trade a few times a month but with this play I've got a feeling I'm better off putting it away for 3-12 months. The only problem with that is I survive off the trades . BUT I'm going to alter my plans and just sell off a few shares here and there to help pay the bills. Cheers all and good luck. Hopefully we all make a pile of money.
Comment by
practicalguy on Aug 26, 2024 10:33am
A good idea is to understand the stock even a little bit. The gas price you are quoting is NYMEX, which is for the US. The gas price MCF investors care about is in Europe and is called the Dutch TTF which is trading at about $12 USD per mmbtu currently. This company has absolutely zero chance of making money at $2 gas, but can make loads at $12 gas.