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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (32962)2/22/2009 2:24:24 PM
From: Spekulatius  Read Replies (1) of 78659
 
NG - wrong wrong wrong I have been on this sector. All stocks we have discussed here are a disaster XEC, WMB and probably SE. Earnings are way down. WMB's estimates are 0.6-1$ (quite a range) SE around 1.1-1.2$ (just enough to make the dividend). However i don't think that NG prices are going to stay low for long, regardless of the economy - look at the rig count chart:

wtrg.com

With one year delay between rig count and production, i say next year we are going to see higher NG prices. That ought to help those stocks too. Both WMB and SE have a fee based business that provides a floor.
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