Natural Gas Hits 3 Year High : BUY KWK

Natural Gas has climber 43 % since the start of November but the short interest ( 20% ) in Quicksilver resources has not taken the clue to get out before the squeeze we see coming. Today – when the DJIA is off 200 points KWK has not taken a hit . I believe the millions of shares now trading will hold for a $ 5.00  plus level .

We are waiting for drilling results which could also lift the stock turnaround story.

We added to our KWK positions.


As of 24 Jan 2014 at 1:44 PM EST.


Open 3.19 P/E Ratio (TTM)
Last Bid/Size 3.17 / 41 EPS (TTM) -2.13
Last Ask/Size 3.18 / 35 Next Earnings 24 Feb 2014
Previous Close 3.20 Beta 1.77
Volume 1,765,985 Last Dividend
Average Volume 2,779,917 Dividend Yield 0.00%
Day High 3.20 Ex-Dividend Date
Day Low 3.07 Shares Outstanding 177.1M
52 Week High 3.54 # of Floating Shares 123.7548M
52 Week Low 1.44 Short Interest as % of Float 22.12%

Natural gas futures surged to $5 for the first time in more than three years as U.S. demand soars and stockpiles tumble during a blast of arctic weather.

Gas has jumped 42 percent since the start of November. January is on track to be the coldest month of the century in the lower 48 states, according to Commodity Weather Group LLC. U.S. inventories of the fuel, used to heat 49 percent of U.S. households, have dropped at a record pace during the heating season, government data show.

“It hit the magical $5 number,” said Stephen Schork, president of Schork Group Inc., a consulting group in Villanova, Pennsylvania. “There’s not enough supply and a lot of demand. It’s not just cold in one market, it’s brutally cold from Chicago heading East.”

Natural gas for February delivery rose 26.7 cents, or 5.6 percent, to $4.997 per million British thermal units at 11:30 a.m. on the New York Mercantile Exchange after jumping to $5.026, the highest intraday price since June 21, 2010. Trading volume was 78 percent above the 100-day average.


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