Guys and gals, the ETE marketing machine is just starting to crank up. Don't get panicked out of your positions. It's been a long wait. The seller for 1 mil yesterday is either a panicked shareholder or someone playing games. That is, push the share price lower and mop up. Suggest he try that again and a buyer will accomodate him.
I do have a concern with the nat gas price @ around $4 US.
Some American analysts expect gas price to improve by the end of the US summer. I have heard as high as $8 US quoting overstated shale gas production and understated shale well depletion. I hope there right.The industry needs a higher price. Gas is stuffing up US energy economics. Its setting electricity prices that effect nuclear, wind and other alternatives. It even gives coal a run for its money.
I don't think this situation will continue for much longer.
ETE is a petroleum liquids exploration company. It's not a gas company. Think petroleum liquids.
Good luck to all.
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