Thursday at 10:30 am Eastern Time the EIA will report on natural gas storage. The number will be low, including considerble Katrina effects. The effects on price are likley to be large, may take several days or even a week or two to work through to stock prices.
Longer term, winter NG worries may take prices even higher.
AdditionaL UPSIDE from more Hurricanes is not only possible, but likley.
Between now and 10:29 am tommorrow might be a good time to buy natural gas royalty trusts, like ERF (Canadian), CRT (careful with market orders - large bid/ask spread), SJT , and NG stocks like EOG, CHK, DVN, etc.
Maybe best to buy before the end of the day.
Consider buying now and holding until middle October - late December time frame.
ERF , EOG, CHK, DVN have options. |
