The FinancialContent Network     SocialPicks Community   |   MarketMinute Monitor   |   MarketMinute Market Updates   |   MarketMinute Stock News
SocialPicks
   Sign Up   |   Log In   |   What is SocialPicks?     
Please sign up for SocialPicks site access - it's free!

Petrohawk: A Play on Appreciating Natural Gas Prices

 Jun 25, 2008 12:31 PM UTC
Return Risk
-32.66% HIGH
Tracked Blogger
Symbol Sentiment Start Return Closed
HK Positive 06/25/08 -42.39% --

Graphic_arrow1 Via Long Investment Ideas from Seeking Alpha:  

Oil's current valuation is a slippery slope. No one knows when the price will come down. One side will argue the peak oil theory. The other side will tell you that speculators are to blame and the price run-up will be short-lived.

The problem with the media is they are trying to sell you a magazine, and the truth relies solely with the individual. With oil, it comes down to supply and demand. OPEC is milking it a little more than they should, trying to get as much as they can out of their supply. They announced that they will be increasing production to 9.7 million barrels of oil per day and that they will be able to increase production to 15 million barrels in 2 years.


 Graphic_website1 Read the rest of original post »



Add Comment

Be the first to comment on this story and earn 2 points.

Your Comment



IN THE PRESS
Press_forbes Press_washingtonpost Press_wsj Press_npr Press_techcrunch