This quote has been borrowed from the AZZ thread with thanks.
"Goldman Sachs recommends buying Nymex natural gas futures for summer 2010 delivery, eyeing a "drilling recovery play". “Although we remain bearish on natural gas through the end of the summer, we believe that prices below USD 5.50/MMBtu for next summer are too low relative to the cost structure of the industry", the bank says."
NB:-I don't have a link for this quote.
Gas prices have remained pretty low compared to other commodities. There is plenty of upside in the gas price taking into account that their winter is not that far away and that RFE plans for the 1st sales to occur mid US winter.
All good for RFE IMO.
Cheers guy's.....
RFE Price at posting:
$1.25 Sentiment: Buy Disclosure: Held
