Seth (and all)-
In the interest of fair presentation, there are several risks associated with this company. First, El Nino is trying to make waves this year. In case you haven't heard, El Nino is the name for a system of ocean currents which tends to upset normal weather patterns. If it makes this winter warmer than usual, then natural gas prices will fall. For all I know, El Nino could also make things colder.
In addition, lots of new natural gas capacity has come on line over the past couple of years. I don't see a glut on the horizon, but it is something to be mindful of.
Finally, the CFO has been ill lately. Don't know what's wrong, but he's been out of the office quite a lot due to the illness. However, he was well enough to return my call from home/hospital last week so it may not be too bad.
$24 has been a point of support/resistance recently. We've had two successive closes at or above that level, so here's hoping that it holds. It better, because I have two friends and a coworker who have purchased shares in this company based partly on my encouragement. I'll be eating crow bigtime if I'm wrong here (but I'll have company from lots of analysts).
Steve |
