Obama had a lot to say about Natural gas in his speech today. IMO he and the state govts clearly see shale as providing jobs and energy security as well as keeping wholsale electricity prices much cheaper to aid manufacturing. Fracking (in some regulated form) is clearly a goer in his mind.
This thing has had a few false starts though now that the 20 for 1 ADR is listed I wonder whether Americans start buying it over there.
Seems fair to modestly cheap on an earnings basis with the upside coming from the sales of any acreage. Option value. Hard to get back in after being stopped out though !
Ann: Drilling Update , page-4
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| Open | High | Low | Value | Volume |
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| 22.0¢ | 9492 | 1 |
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