re: question sushi?
here lies the problem ,the company has to continually upgrade reserves just to stand still & the upside is capped (at the moment)
Brokers reports I have read, tend to agree miningnuts assumpations on profitabilty
Am I correct in saying that # main pass they are testing for 12-15bcf (net) #Louisana an estimated 8bcf (net)
& with a 100% strike rate since 2002 u would assume they will increase reserves by 10bcf or more
Cant see gas prices going under $5 anytime soon for both fundamentals & technical reasons . Did u know the last quarter 2004 for small period there were record number of drills in action & storage was at its highest yet prices didnt go under $5
So whats the risk in owning them now What the potential gain this year ,maybe 20% is that sexy enough (probably not)
It really depends on Fern ,cos at the end of the day its his company
& to me, I could live with unfranked dividends
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