Still likes it tremendously. You won’t see 100% return like in the past, but you have room for it to go higher over the next 12 months. The big spike was an increase in market multiple and the multiple expansion in all Natural Gas Stocks. They may sell a non-core asset and raise cash to buy a new higher speed drill rig.
Investing. You always have volatility in oil, be it geopolitical, or whatever. We could have $100 or so as the floor for oil for the next few days or so. There is $15 in the oil price for reserves that are off line around the world. It will trade around $100 for a while. Gas is a buying opportunity now that we are trading back at the $4 level. Thinks we will almost get our gas reserves up to where they should be by winter. Our cool summer is bad for Natural Gas, but he thinks we will have another cold winter. There are hot oceans in the Pacific east that are causing rain to keep our temperatures lower. He is predicting a $5-$6 gas price over the next few years.