Diversified Oil and Gas Holdings (DVFI)

[YankeeAce]

It appears the price of natural gas has turned the corner from the recent downtrend. The bottom appears to be $6.5 and we are hovering near $7 now. The one year chart is just crazy with a high (closing price) of about $15.50 and a low of just over $6. This low is about right from last years summer months plus inflation. Looks like we go up from here the rest of the year. IMO this may be a reason that the company has not brought Grimes #2 completely online. Why not wait a month or two when the price will bring another $1 per MCF? That would seem to bring more bang for their buck (15% higher revenues). If I were in charge I would continue drilling the wells and prepare to bring them online around the August time frame. Then when the price runs back to $10 due to increased demand we can really cash in.