quote:
In trading in New York, benchmark crude for July delivery fell $1.47 to $73.14 per barrel. Earlier in the session, it climbed as high as $75.42. The contract rose $1.75 to settle at $74.61 on Thursday after reports that the Minerals Management Service stopped issuing permits for new oil and gas drilling in the Gulf. An administration official denied a formal freeze had been decreed on drilling in shallow water.

"There is no moratorium on shallow water drilling," said Kendra Barkoff, a spokeswoman for Interior Secretary Ken Salazar. "Shallow-water drilling may continue as long as oil and gas operations satisfy the environmental and safety requirements Secretary Salazar outlined in his report to the president and have exploration plans that meet those requirements."

Barkoff's comments appeared to contradict an e-mail sent out earlier in Thursday by a top official in the Gulf Coast office of the Minerals Management Service, the federal agency that oversees offshore drilling.

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Posted by L S Usetheforce

Member since Jun 2004

23267 posts

Posted on 6/4/10 at 10:34 am to clamdip

Yeah I read that this morning..........I still think gas prices always trend up during the summer months when gas is being consumed more......I'm not expecting DIG to skyrocket but if you bought at 26 you prolly will have a chance to sell at 35 by the middle of July.

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Posted by L S Usetheforce

Member since Jun 2004

23267 posts

Posted on 1/18/11 at 3:35 pm to L S Usetheforce

I bought 1000 shares @ 27, should I sell now or hold for this supposed 4.00 gas?

I know I know take the money and run but I'm feeling greedy.

This is from my 401k rollover into TD Ameritrade so its not like I can see any of this money for 30 years but what do my money talk guys think?

Hold or sell at 54?

This post was edited on 1/18/11 at 3:47 pm

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