On oil and gas from a Yahoo board:
From the XEL board.
"Another sign of potential supply problems this pending winter is contained in the simple observation that Natural Gas is selling at a significant premium to oil (on a BTU basis). On a BTU basis, parity is at (near) 6 mcf Natural Gas to 1 barrel of oil. Were price to reflect the respective BTU contents .... oil should be at $84-$90 a barrel (or if you look at it from the other direction, Natural Gas should be at $10 an mcf). Historically (again, on a BTU basis) oil has sold at premium to Natural Gas.
The fact that Natural Gas is currently selling at a significant premium is tellng us something that our government leaders are unprepared to announce.
Oil is in short supply .... but, Natural gas must be in VERY short supply. "
I read that oil could go to 100.00 to 150.00 per barrel. Don't laugh, because as I read, it is very possible. Bad for the economy, but good for TGC. TGC, at this price, is an incredible opportunity to buy. Just my thoughts.
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
