Posted in: commodities-and-mining
NGAS8 Jun 2009 17:09
Hi all, i'm pretty surprised a topic has not been started on this stock before. I have read many articles on this recently and i believe the time to buy is now or sometime in the near future. With a higher than expected gas storage update a few weeks ago the outlook seems to be bearish in the short term however as a long term investment this should be a nice stable source of income. Once the supply and demand situation achieves an equilibrium over the next year or so i can see a nice steady rise in NGAS. If we see a further rise in the price of oil i can see a sharp spike in NGAS. The only thing holding me back from buying this stock is the fact that NGAS is traded in US dollars which scares me somewhat due to the current exchange rate (however the GBP has recovered substantially in the last 2 months). If there are an currency experts out there, what is the outlook for the GBP vs USD in the coming year? and should this be a large factor for me when considering buying NGAS?