I never expected NG to go back under $4 here, today it was down another 6% in one day, and has gone vertical, heading straight down on the charts. The chart looks scary as hell on NG now, and looks to test $2.00 next week. The 15 year low (which may have been a 30 year low) was about $1.5x to $1.7x IIRC. And we may just test it this quarter, if it does not bottom at $2.
Even Gerry told me 12 months ago, they needed about $3 just to break even on this well, so they would be fools to finish the well at these prices. You can't fight the markets and win. So even if these shysters did the right thing, or were able to do the right thing and did, I just don't see this well getting a second look $$s to complete it for at least 7-9 months now. By the stock price may be decimated.
Ambition with out knowledge is like ship in dry dock. Going nowhere fast!
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