AJQ has been a brutal ride.
I think we are near the bottom.
Some bigger volumes have gone through in the last few weeks.
My feeling is that the price is being held down to shake out frustrated holders.
There are some positive trends atm:
Henry Hub natural gas prices in the USA have risen from 1.77 to 2.43 per mmbtu
over the last month
Nymex oil seems to have found a trading range of 45-50 per Barrel.
The rotation from base load coal to base load gas is accelerating globally.
Once AEP finalizes its position I predict we will see a corporate play.
If they stay the price will rise and they may buy more on the market.
If they go their holding in AJQ is likely to offered for sale. The price will rise.
I sense we will see large volumes trading between 0.06 and 0.09 cents during June.
Waiken
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