Natural Gas prices are rising as if there is no end,the futures contract for July delivery rose 55 cents per MMBtu on the week to $13.210, the first time a near-month contract exceeded $13 per MMBtu since December 2005.
Factor which might be causing such high prices Inventories for the week ended Friday, June 13, natural gas net injections into underground storage were 57 Bcf. With the latest net injections, inventories now stand at 1,943 Bcf, which is 2.6 percent below the 5-year average.
But all said it's summer time and natural gas prices should return back to normal levels but the price of crude has fueled the Natural Gas prices.
Anyway there is hardly any values left in this market to make some money.
Spectra Energy Corp(SE) looks different it's low PE is attractive 16.60 (Yahoo Finance) and dividend yield of 0.92 looks very attractive.
Technically High voulume suggest lot of institutional support for the stock.
Company is enegaged in Natural gas Transmission ,Distribution,Storage,Processing and Field Services in USA and Canada.It has interest in these areas Permian Basin, the Mid-Continent, Rocky Mountain, east Texas-North Louisiana, Barnett Shale, Gulf Coast, and south and central Texas.
Buy Price : $27.83
Stop Price: $26.11
Target: 33.29
Once again please use your own common sense and own research before investing any of the stock listed.These stock could be very speculative in nature and you are advised to ask your financial advisor before investing.
Tuesday, June 24, 2008
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