I sure feel like I've been swimming in a dark pool and it isn't oil. Headlines like Gas drillers wrangle over NY limitations; opponents argue for more limits or ban on fracking makes me feel like I'm sinking rather than just treading water with a Capstone around my neck. I still believe in the company, like their product, but need to see more orders coming in that will convince me that I can at least make it back to shore after wading a long way out with this company.
Still hoping The Capt'n will make that trip to Chatsworth and provide us with a review of his findings.
As an aside...Henry Hub natural gas prices have retraced back to $2.43 from a low of $1.90 set on April 19th. Most "experts" predict that Henry Hub will have to hit 5 bucks again to make drilling attractive. In the meantime we wait and hope as this particular quarter seems longer than most.
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.