Msgoldenhair
I gave up on brokers a while back.
I hold a few, sold down quite a lot to buy ELK which I think has the potential for significant upside in the short term. I intend to get back into more SSN after that. It does have potential, the good news is that a new pipeline (Rockie mountain express) is due to be brought on line in segments and should hopefully put SSN gas at equivalent prices to Henry Hub sometime in 2009.
However, many investors are unaware including the brokers of different gas prices. So everyone might just assume gas prices are all the same and value it based on henry hub. I have seen a couple of Tolhurst Noall reports, No mention of inferior gas prices. Pattersons did a research report on MAE (which receives similiar prices to SSN) and used Henry Hub prices in its valuation.
I think if you have a few years it will be a very good investment. I wouldnt be getting sucked in to the flavour of the month stocks that are getting ramped around this place.
Cheers
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