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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (47920)	5/16/2012 6:45:49 PM
From: Johnny Canuck	Respond to of 69882

http://www.ft.com/cms/s/0/e34957ac-9f65-11e1-a255-00144feabdc0.html#ixzz1v4k10Nqb Shell warns on US natural gas bounce By Guy Chazan Royal Dutch Shell expects US natural gas prices to double by 2015, rebounding strongly from the 10-year lows they have hit as a result of the shale gas boom as US domestic demand for the fuel grows.

To: Johnny Canuck who wrote (47920)	5/16/2012 6:59:33 PM
From: E_K_S	Read Replies (2) \| Respond to of 69882

Thanks, so it is a possibility. I will have to evaluate my oil stock buy list. Suncor Energy Inc. (SU) is one on my list. I will have to review their most recent presentation to see what their production cost is. I believe it is a lot lower than $75/barrel but it will be worth checking. FWIW, started a position today in GreenHunter Energy, Inc. (GRH) -NYSE Amex which I know you follow. My quick check of the chart shows $1.62/share as the 200DMA. I bought my tracking position at $1.61. Missed the stock on the run up, so thought this price was the first decent entry point to start a position. Now that MHR closed their $450M senior note financing, over $350M in CAPX money available to drill wells. GRH should get all the water service contracts (it helps that CEO Evans is also on the board of GRH - conflict of interest?). The two companies have worked in the past and should be working more in the future. EKS