jimalgine

Canadian Superior Energy: On the Brink of Hitting the Jackpot?

SNG, beyond question, is a long term winner. You failed to mention a Nova Scotia well which was plugged and which has been evaluated as having 200-600 BCuFt of gas, on which investor relations informs that further drilling will be done next year. At 18,000' depth, I assume they will then go horizontal to try to enlarge those reserves. Oil and gas prices have gone down and may go further down, but the product does and will remain in shortage, and that price drop is no real cause for concern. I regard it as delightful that prices are altering our oil useage in the US, and hope it increasingly does so, but that has no effect on China and India, which will give long term drive to oil consumption. I am very long this puppy and will continue to hold a position which represents about 15% of my portfolio. I expect to be well rewarded.