07-21-2013, 10:36 AM
'my2cows' pid='25925' datel Wrote:My other major investment idea in the NG space is UPL. ok ok... I know US ng play. 10 second pitch is.... all in costs 3 dollars/mcf lowest in the industry, capex below FCF... us ng is below the cost of 50% of the producers and capex is being cut all over the US ng industry. ng drill rigs per baker hughes as fallen from 1700+ in 2010 to 380 some now... a 20 year low. At the same time big demand drivers are coming online.... mexican exports... truck usage... and LNG exports from the US.
NG will stabilze at 6-7+ dollars per mcf and UPL will rise from 20 to 60+ in within 3 years.
Buy under 20 this summer/fall.
One of Wayne Andrews 1st big hits when he was with RJ...before he found IOC
L Ron Rules!