re: us gas storage Hi gutfeeling , using your figures , at $9...

re: us gas storage Hi gutfeeling , using your figures , at $9 gas price ($9.75 at the moment ) when you annualise it it comes to over $90m AUD !!!. Now thats alarming .This company has a market cap of $190m , and with $20m cash , (sourced from an earlier post ) that would put them on a PE of less than 2 . Sure, this would be a best case scenario , but even if they made $60m they are still ridiculously priced . What would be a fair PE . 5 ? I see this one well over $3 this year barring some catastrophe or dramatically lower gas prices for the rest of this financial year .Dont forget blue sky in exploration, and what will they do with cash coming out of their ears . Antares could be in a similar position due to gas prices . It is easy to think that these companies have had a good run , but if you look at the fundamentals going forward , all I can say is , you aint seen nothin yet . I topped up with another 30,000 yesterday