<BTW did you see that Bass is buying HOT? Imo the Hotels are ripe for consolidation> Note he also holds a large chunk of SKI's convertible debt($150mm, will be 50%of the outstanding stock on conversion)..
<Heating demand from the NE doesn't really pickup until Nov.> depends where you live,I usually have the woodstove going by late Sept.,,Oct at the latest...Actually, I'm pretty happy with ng trading around $4,,great cash flow, and semi happy consumers,,and a gov. at bay...$5 ng would create problems,IMO..as does oil over $30, exceeding these levels,IMO is counter productive to a sustained rally in the securities of the companies involved..(back to the boom/bust cycle)
We need to keep the consumer happy, and still make a good profit off him...Kinda like Irish diplomacy..
The ability to tell someone to go to Hell,,and make them look forward to the trip...;^) |
