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.
ETE Price at posting:
18.5¢ Sentiment: None Disclosure: Held