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Re: jefrank post# 678

Saturday, 08/11/2012 1:57:21 PM

Saturday, August 11, 2012 1:57:21 PM

Post# of 897
All valid points IMO. The natural gas E & P companies have no choice but to cut back and most of the smart management teams already have and are expanding their oil production operations.

Cut back new production and prices will begin a steady ascend but the focus should be on LNG and exporting it to Europe and Asia where prices are 3-4x what they are here. The government seems to be on barely taking any notice to that based on news clippings I have read recently.

Personally I only really get excited over oil plays but will jump on opportunity when it presents itself. Such as $CHK over the last few months and $UNG from April when Boone Pickens called a bottom.

$GSX is a mixed bag, really depends on management's abilities to turn it around. To be determined...

"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

Don't believe anything I say. Do your own DD. Insert huge disclaimer here ____________.

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