PG- I can tough out a "three-bagger" in two years too. Wish I had had your presence of mind to buy on the way up, but this may turn out to be the best energy purchase I've ever made (hey, energy is not my primary sector!).
Anyway, I purloined this from John Fialka's article in today's WSJ about some guy named Clinton who asked the Saudis to pump more. (Anybody know this Clinton fella- why doesn't he ask folks to stop buying SUVs?)
Anyway, to temper things around here a bit, I thought I'd post this exerpt from Fialksa's article which suggests we may be at a short term top on NG prices.
<<Paul Wilkinson, chief policy analyst for the American Gas Association, which represents about 200 natural-gas suppliers, said "our member companies have been warning their customers to expect the cost of their fuel to be anywhere between 15% to 40% higher."
The price of natural gas at the wellhead, he said, has hit $5 per million British thermal units, a record high. "This is a peak and we will move downward, but we don't know how far or how fast," he added.>>
Regards,
Larry
P.S. Lemme know if you want a new wife. I got this sister ... |
