Anyone noticing the recent strength in the Henry Hub gas prices? These are the best levels for around 2 years...there is some correlation with price of oil and the strength in that market should see further support for the gas price going forward. Timing from STX point of view is right, but it's needed to offset exchange rate translation issues for NPAT. Nevertheless, most of their expenses are in USD so there is a natural hedge.
regards
DF
http://www.bloomberg.com/markets/commodities/energyprices.html
boring, page-3
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