Good news for PDC

Natural gas is up to $7.81. Who knew that a heat wave would drive up natural gas? High demand for electricity to run air conditioners is depleting stores of gas. However, there is a lot more gas production since a year or two ago. It remains to be seen what will happen to prices over the winter, but I think that PDC is in a good position to take advantage of any opportunities that come along.

Also, the senate is considering allowing deep-water drilling. That would make Seadrill and the drilling co's worth a lot more. Demand for rigs could skyrocket.