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Timothy Smith

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Timothy Smith

Re: vero post# 658

Saturday, 07/14/2012 4:03:56 AM

Saturday, July 14, 2012 4:03:56 AM

Post# of 897
Natural gas has been a roller coaster with the new technologies and over supplies of natural gas driving down prices. However there is a lot of supporting research that indicates prices are going to improve in the immediate future. This year alone prices have seen jumps of 40%.

It is very attractive considering the 52 high is $.37+ and the current price is a 50% haircut it would give reason to think there is upside here assuming the underlying production and reserves can be maximized.

I think the financial shape is going to be linked to their access to financing. They have credit facilities but will need to continue to restructure. See my last post about liquidity and capital resources.

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink

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