To see how bad the situation is, note that Atlas Energy Partners, in
spite of the obvious benefit noted below, the stock has been dropping
steadily in value even though it pays 38% dividend and is making
money. Rational value has creased to play a role in the stock market.
General Motors is worth only $2.60/share and dropping like a rock.
Now, that IS a rational move.
Ed
On Nov 19, 2008, at 11:19 AM, OrionWorks wrote:
According to the Kiplinger Letter, dated Nov 14, they had the
following comment to make concerning our nation's natural gas
reserves:
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A U.S. natural gas boom? Better believe it, and it'll begin in just a
year. Look for rapid development of monumental-size natural gas
deposits trapped in mile-deep shale formations that zigzag beneath
N.Y., Pa., Ohio and W.Va.
The Marcellus Play contains as much as 1000 trillion cubic feet of
gas. If there is that much and it can all be mined, it will meet U.S.
needs for 40 years, at current usage. New drilling techniques make it
more feasible and profitable. Among the firms involved: MarkWest
Energy Resources and Atlas Energy Partners.
That should slow the rise in prices. They've soared 400% since 2000.
But relief may be tempered. Demand for gas will grow sharply when
Congress imposes emission limits on carbon dioxide, a greenhouse gas
linked to global warming. That will mean a greater reliance on
gas-powered plants.
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Regards
Steven Vincent Johnson
www.OrionWorks.com
www.zazzle.com/orionworks
