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An independent energy company engaged in the acquisition, exploration, development and production of oil and gas properties.
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ArchieMedes (< 20) Submitted: 11/15/07 8:24 PM : Start Price: $13.49 TXCO Score: 23.54
Natural gas inventories are at record highs and a price collapse seems imminent. Additionaly a major new pipeline from the Rockies will be opening up in January, pressuring prices further (overcapacity in the RM). The near term outlook is decidedly bearish for domestic nat gas producers. Long term a bit better.
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