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6 pts

Opinion on  Natural Gas Services Group Inc (NGS)     Sector: Energy  >  Industry: Oil Well Services & Equipment
Active Hurricane Season Could Spike Energy Prices

Jul 28, 2008 06:34 PM UTC
Blokm2-seekingalpha2
Return Risk
-6.08% MID
Associate

Joseph R. Dancy, Morningstar Five-Star fund manager, notes the tropical storm activity is significant because roughly 25% of the crude oil and 18% of natural gas produced in the U.S. comes from Gulf of Mexico waters and roughly one-third of the nation's refining capacity is also located on the Gulf coast. "Any interruption of Gulf of Mexico energy supplies would have a serious impact on the markets."

Read more at http://conquerthewallstreet.blogspot.com/2008/07/active-hurri...


NGS:  This call was made on 07/28/08 @ $24.04
Rating:   Positive   $24.04 (07/28/08)
Closed:   07/30/2008 @ $25.87 (+7.61% in 2 days)
Target:   $30.00 (+24.79%) in > one year


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