Originally Posted by
billhart22
Hey Tib -
That is a damn fair question. I think it is at a turning point of some kind. If you look at that site that has the chart on it, the price was up last summer and there was little demand. Now, all of the sudden, the shares don't exist and the SEC has to approve more and the price is down and the volume is up to the max. It is a pretty confusing issue. So what I derive out of all of this is that it is some type of turning point. I don't understand it yet.
On top of it all, if there is a push for NG and T. Boone Pickens coming out and saying that there is so much NG in the U.S. it could drive the price down, BUT you have to drill for the stuff and that takes time and money, not to mention if people are going to use it they will have to convert vehicles and other appliances over, so there is a time factor involved.
Any thoughts on that?