"It is difficult to make predictions, especially about the future."We have all been stung by this one.I do expect CTP to gain handsomely in the coming year. I have 40c penciled in for when gas begins to flow down NGP. The business is already cash positive on existing contracts and NGP should take all the gas it can currently produce and for the next five years. This is certain and now less than 12 months away - CTP will be energetically re-priced sometime between now and then. It has ~$200m in tax losses, so no tax on the fresh revenues for the foreseeable future.I see drilling success as likely, though which and where remains to be seen. Even if the 4 wells to be drilled are all dusters - as the downrampers gravely forecast - CTP will learn a great deal more about what is down there.The Texas court case is bulldust.Ash
My above comment to this thread on February 17 when the SP was 8.7c was moderated for (unsubstantiated information). Puzzling.
So much for rose coloured glasses. Two wells, drilling of both suspended early. One produced commercial gas. CTP to not fill NGP. SP 14c. The East Coast gas crisis continues without let.
I don't know whether to laugh or cry.
Ash
