Yes, it was very strong at 0.75, although I did mange to get my order at 71 cents filled the previous day, or Wednesday.
Share price has been firming up nicely since I bought in, starting at 62 cents. My own average cost now 66 cents and I think the $1.00 level can certainly be expected, before Christmas.
Good luck to nat-gas prices in the months and years ahead. Energy has been far too cheap for too long in North America and now the prudent will reap their rewards.
On the oil side, which has a complementary effect on the nat-gas side, just think over the last 10 years of the population increase, times the automobile ownership increase, times the fuel consumed increase per vehicle size (and due to increased mileage per vehicle) and it becomes apparent very quickly that North America has been and is gorging itself on gasoline, whilst failing to provide for that level of consumption from within its own resources.
This, along with environmental restrictions, has put serious pressure on the demand for nat-gas, to produce more electricity through the use of gas-turbines and presto, the increase in oil pricing is transferred over to the nat-gas market, where we lie waiting.
Sounds good to me, anyway.
Have a nice LD weekend. |
