News Focus
News Focus
Followers 21
Posts 1255
Boards Moderated 0
Alias Born 11/25/2009

Re: profcw post# 1005

Tuesday, 06/15/2010 1:43:28 PM

Tuesday, June 15, 2010 1:43:28 PM

Post# of 13653
I looked back through wnwg's history and honestly back in the past there wasn't a good correlation between natural gas prices and their EPS. They had so many salaries, write downs, legal expenses, problems with the former partner Barinco drilling. So in a nutshell they have cut expenses to the bare bone and stated they are trying to work within the revenue generated by Shilo 1&3 (which are natural gas producers). So IMO the numbers seem to be telling that tale. They have gone from -$1.20 EPS to $0 EPS. From that point Natural gas has increased pretty drastically not to mention they have fixed the Brackens well and it is producing. That can basically double their gas production. Here is a link I'm using to compare Natural gas prices. We have been higher in price every month compared to last year. As you can see this year so far over last year gas is having a much better year. So I'm thinking if we can go from -$1.20 isn't it possible we go to +$1.20 EPS.

http://www.tradingeconomics.com/Economics/Commodities.aspx?Symbol=NG1
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y