InvestorsHub Logo
Followers 1
Posts 190
Boards Moderated 0
Alias Born 07/12/2011

Re: RookieInvestor1 post# 6290

Thursday, 04/19/2012 4:02:04 PM

Thursday, April 19, 2012 4:02:04 PM

Post# of 133793

Can I throw a wrench in this??? UNGS has actually produced a fair amount of Nat Gas. Unfortunately in the US Nat Gas is at a record low...but over seas it is selling for 5 times what it is here...

Couldn't UNGS turn quite a nice profit selling Nat Gas to an exporter??????

Hey Wayne Anderson...You should be paying us iHub genius' to help you manage UNGS. We'd make you a fortune....oh wait we already did ;)



A good point. But in a recent PR (last couple months) Wayne stated they were giving up on the natural gas business because of prices. Their last 10Q only showed about $36k revenue from oil and gas production combined. Not much based on the number of wells they say they have. Plus, they are challenged once they get it out of the ground - no infrastructer to distribute or bring it to market.
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.