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Natural Gas Stocks Entering Seasonally Strong Period

from ChartWorks:: published by Institutional Advisors
Bob Hoye
February 7, 2008
Technical observations of RossClark@shaw.ca


Inventories of natural gas are not only coming off their seasonal highs, but are declining at a faster rate than seen in the past few years. Following years with high inventories the price rally takes twelve to twenty weeks, topping in April-May. We are currently six weeks into the move.

The stocks are currently bottoming in the normal time window of January through early February. Price advances in the XNG are either around 28% or extend out to 60% over a period of three to eight months. Risk should be controlled at this month's low. Names to look at would include Encana (ECA.TO), Progress (PGX/UN.TO), Proex (PXE.TO) and Sterling (SLG.V).





Bob Hoye
Bob Hoye
February 7, 2008
EMAIL:: bobhoye@institutionaladvisors.com
CHARTWORKS WEBSITE:: www.institutionaladvisors.com

The opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security's price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance. Neither the information nor any opinion expressed constitutes an offer to buy or sell any securities or options or futures contracts. Foreign currency rates of exchange may adversely affect the value, price or income of any security or related investment mentioned in this report. In addition, investors in securities such as ADRs, whose values are influenced by the currency of the underlying security, effectively assume currency risk.

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October 16th, 2018

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