how low can it go, page-2

I'm keeping an eye on the drifting price too.

Pure speculation, but I've a feeling it could go a little lower yet. With the delay on the rig for Gulf of Mexico drilling, it's hard to see any positive results there before we're into January or even later. And with winter setting in for Green River, we're about done for news there for a while I'd imagine.

If it stays around 11.5c I may top up when I have some spare cash. Although I'm keeping an eye on Europe and China's woes and the macro situation too for a larger, broader buying opportunity.

Either way I think ETE is very good value for long-term buyers around this level. Perhaps not so much for those looking for a quick trade, which might be why we'll see a few more heading for the exits in the coming month.

Worth watching.