The run-up in crude prices pulled up the rest of the energy market. Unleaded gasoline climbed 6 cents to finish trading at a seven-month high of $2.16 a gallon. Heating oil jumped 4 cents to $2.02 a gallon and natural gas added 44 cents to $7.57 per million British thermal units. Traders disregarded surplus stockpiles and warm weather, which dampens heating demand, and bid up the two heating futures.
absolutely RIGHT!
whats more important tho is that AMU's gas hedge kicked in 3 weeks ago well north of current levels at $8.
Either way with something like 40 wells over the next half and 70 odd planned over next 12 months (including the 2 huge gross tete wildcats) OOP at $70+.. we're away again.
first drilling results from grapeland and 18 well back to back lavaca tommorrow. (wed).
AMU Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
