Replies to post #677 on Gasco Energy, Inc.(fka GSXN)

[jefrank]

Considering NG was at $7 and now at $3 you are right. Funny thing is I have seen many on TV praising the low NG prices and how wonderful it is on the consumers pocket. But they fail to mention that the companies producing the product can't sustain themselves at the current prices. So slowing down exploration and even halting production is the only way to increase price. Yet they are praising more exploration and blah blah blah. Well when the market is over saturated then profitability is compromised current beliefs are just ridiculous about domestic exploration. Granted having a discovered reserve of fuel sources is wonderful but these companies can't expect to get rich dropping there product out on an over saturated market. Of course less supply same demand can only raise NG prices. I feel if these companies make the right choices to just cut back more the price will rise at a more rapid rate. But when NG goes up in price is when other less expensive forms of fuel become more attractive again. As a matter of fact the coal industry is banking on the fact that NG has to go up in cost for it to be profitable. So no matter how hard they try to hold down coal it is just plain cheaper. Current situation with NG is a big joke and the solution is a joke. However I will agree with you that there is short term potential here especially with the PPS touching its 52 week low.