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Message: GFP update

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gemoz

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Re: GFP update

in response to GFP update by gemoz

posted on Oct 26, 08 08:20AM

Well, the .45 is long gone. As the barrel tumbles from over $145 to less than $70, so does the Nat. gas price.

Both Gale Force and its JV partner, WHL Energy, have seen their SP drop drastically. However, don't expect the Barrel to remain at this low price forever. As Producer Countries and large Petrol. Companies have tasted the profits from high prices, they're bound to adjust production to reverse the current trend.

GFP could be a buy but a very speculative one, at best.

DD necessary. (Include the exchange between US $ and CDN or AUD $ as a factor.)

Watching.

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