Value Microcaps Junior Energy

[kipp440]

Natural gas stronger, Cornerstone Report:

http://www.cornerstoneenergy.com/marketnews/mi011108.pdf

Market Summary
The near month contract of February moved up $0.585 this past week, climbing each day since our last report with the low for the week of
$7.50 on Friday morning of last week and the high of $8.28 hit just before market close yesterday. Yesterday’s Energy Information
Administration’s inventory report showed that the 5-year stockpile surplus has been cut in half and now stands at 4.6% above average and
282 Bcf or 9.3% below last year’s stocks for the same week. According to the latest Commitments of Traders report dated December 31,
which shows the sentiment of market players; noncommercial traders increased their net short position to 67.9% short. Traders’ short
positions now outnumber long positions by 192,244 contracts to 90,903 contracts. The February contract on the NYMEX opened this
morning at $8.310 per MMBtu and is currently trading slightly higher at $8.321 per MMBtu.