Friday, June 11, 2010

Nat Gas update: PVA

Penn Virginia Corp.
Thursday, June 3, 2 pm Eastern: 21.86
Friday, June 11, close: 23.69
Gain: +8.37%
Candlestick analysis: "Buy Confirmed" today at 22.91 (American Bulls)
Summary: Numbers aren't as strong as several of the nat gas leaders, but they are more positive than negative. Debt is $1.13 billion, but revenues are $869.1 million and total cash is $279 million. The relatively moderate reaction to Obama's clean energy speech gives PVA more room to run; 6-month high is 29.18. But the numbers aren't in wow territory, either. 

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