PERY, HELE, XEC --
I followed PERY since I owned it May thru August 31. Even though it's kind of a slow growth story, I want to buy it back. Quality company with a fair PE.
finance.yahoo.com
My latest buy (throughout Sept) was XEC. A natural gas game. I don't think it possible to lose on this one. unless there are government windfall taxes or price controls. Nat Gas prices will not be going down this winter. A lot of industry experts are saying $20 per MMBTU.
321energy.com
wtrg.com
It is believed by industry insiders such as Chesapeake Energy, the nation's third largest independent producer of natural gas in the United States, that the market is currently experiencing a false sense of security, which is common in September and October as these are typically months with low demand for natural gas. As Aubrey McClendon, CEO of Chesapeake Energy, explains, "There is no physical shortage today since we are just putting gas in storage. However, we are going to go into wintertime with our lowest amount of storage in three years. Offsetting that you have very high gas prices right now and the question the market is searching for is -- have we forced enough conservation to offset the supply losses? Our view is that we have likely not done this, and now we are all in the hands of Mother Nature."
try googling "natrual gas shortage" or something.
HELE -- I haven't owned it for years. The CEO is a greedy crook.
grommit |
