Bobby. Not just the pump price.
Wish I'd locked in my NG price for home heating a month ago. Paul Shread asked me - about 6 wks ago - when would be the best time to lock in. And, since I had no buy signal yet, it looked like NG prices were going lower into shoulder season.
At least my timing on loading up on the gassers and some OS stocks 3 + weeks ago was good.
Message 17109030
<.....my read of the sector action, almost a week ago, forced me to plunge into an
aggressive buying program in a diversified basket of OS and NG stocks.
Early today added PQUE @ $4.88 and a few minutes ago PENG @ $20.22.
Overall this is the largest portfolio weighting I've held in the patch since end 1st wk of
January.
In the gassers, currently long: CRK, EPEX, PQUE, PENG and a partial position in
CRED
OS stocks are KEG, NR, DO, TESOF and MWP
In PMs, continue to really like SWC. Excellent tape action there. Just wish the darn critter would go into the bag for a day or two<g> so I could load the truck in the 14s. But the way it's acting? I'll be lucky to get any in the lo 15s.
One of my mentors, years ago, was relentless in emphasizing, "The good ones are always hard to buy". He sure
was right about that.
Best regards,
Isopatch>
We are probably close to a correction now, and there will be others along the way. But overall, see the energy stocks working their way higher - at least into September.
Cheers,
Iso |
