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Post# of 173793
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gilead23

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gilead23

Re: Guy post# 89549

Saturday, 12/08/2007 2:13:43 PM

Saturday, December 08, 2007 2:13:43 PM

Post# of 173793
CXPO that makes 3 of us then

Looked like a no-brainer to me. This quarter should be better than last with new production coming on-line and with NG prices higher than last quarter. Alot of that will be absorbed by the hedge but I believe prices averaged about 6.00/mcf last quarter and has been at 7 or higher for awhile now.

You would have to think a major exchange listing will happen here in the not too distant future. I would think by then we are looking at prices north of $20. Its just a matter of time and with their cash flow and forward PE I don't see much downside risk in the intermediate term.

Low risk high reward is a good combination.

When posting on VMC boards all postings should have a symbol in the header and if foreign please post both US and Foreign symbols.

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