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XMFSinchiruna (27.48)

Gasco Energy's big break-out!

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December 06, 2007 – Comments (0)

This one rose 16+% to $2.18 today, but I'm convinced we haven't seen anything yet.  Check out the chart!  I bought over a year ago at more than $3, and wouldn't dream of bailing on this one.  It's been hammered primarily by delays in the construction of the midwest's natural gas pipeline, and a relatively weak price environment for natural gas... but both those factors are reversing.  The pipeline is almost finished, and natural gas prices are forecasted to rise significantly in the near term.  A month ago it rose to $2.50, and it's sure to do so again before Christmas.  It was upgraded to outperform by Morgan Keenan at the end of October... surely he too liked the fact that Gasco has all the capital it needs to operate for well over a year, and that it deliberately sat on potential production during the pipeline delay.  This one's set to rocket!  Look at the 5-year chart!!  :)  It's a triple buy in my playbook, but with its volatility it's not for the faint of heart!

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