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Pastimes : wild salmon run

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From: sageyrain6/10/2008 9:41:51 PM
of 99
 
just about all petroleum stocks got whacked today, with the spec shale gas juniors getting hit particularly hard.

A correction in the Quebec shale juniors was likely and due as they have had a long run and the bearish sentiment around gave them a particularly good kick in the arse. The core group may correct a bit more, and then be ready for the next leg up:

Junior core group as I see it:

ATI
CQM-H
EPS
GMR
JNX
MPO.AX
PCQ
QEC

Based on my current understanding of Utica Shale area, anyone else is out of the game unless they make a deal with one of the above, or with one of the private players already in the play, or grab some leases to the south in the U.S..
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