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Strategies & Market Trends : Three Amigos Stock Thread

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To: in_cog_nito who wrote (22846)12/12/2000 7:52:20 AM
From: JoeinIowa  Read Replies (1) of 29382
 
ICN,

Minus 8 this morning without adding in the wind chill factor. Fortunately the tears coming out my eyes froze before hitting my cheeks. I do not think NG and Oil are going to trade hand in hand anymore. NG is trading on a supply vs. demand curve. Demand is high and supply is constant so price goes up. Problem is I do not know what the price is going to settle at, 6, 8 10 12 etc... I do not see these stocks as traders. CHK has fixed costs around $2.50/mcf of gas. You can see that anything over that is pure profit. Of course it seems like most people are treating these companies like utilities so the PEs are going to be low. Enjoy the cold weather.

quote.bloomberg.com

Joe
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