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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: quehubo who wrote (121233)	5/31/2009 8:45:44 AM
From: jrhana	Read Replies (1) of 206085

Actually a NG low relative to the POI to me is a good thing. It will encourage everyone to start making the switch. Again the low price of NG has force all these companies that are active in the shale areas to hone their techniques and in so doing they have been drastically reducing their cost of extracting shale NG. Even though I am heavily invested in one NG related play, I would not want to see another high spike in NG prices. That would just bring out the conspiracy folks and the heavy hand of Obama. Message 25682414 Message 25682442 So my preferred scenario would be an oh so slow and steady uptrend in the price of NG to around $8. It could then oscillate slowly between $6 and $8. At $6, shale NG is a quite profitable proposition in both the Marcellus and the Haynesville at least.

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