I was right this morning.... CTP is up 10%... looked like a breakout was looming... Onshore US is in tatters right now... Option traders are shorting Nat Gas prices, as the market signals an expected further drop of Natural Gas prices closer to $2 per MCF.... this is incredible.. Energy companies Onshore are stuffing this excess capacity back into depleted wells... putting extra gas in aquifiers, into salt caverns... storage buddy... When these sources of storage are taken, Expectations are for October... At that point Gas will go back into the pipeline system... get out of ASX oilers in the US onshore region... out of the 40, only 3 of them are safe... STX is one of them, but it is a well diversified company with a great mix of projects, and leverage...
daytraders happy hunting...
Next week... we find a new oiler... still CTP has heaps of legs in it, its barely moving... this could get to 20c...
... KAM, As for CSG, I will have a look into MEL... thanks... .^sc
