ETFs & Funds
Stone Fox Capital
With nat gas futures mostly over $4, will
companies re-start drilling for nat gas? Rig count down over 50% from last year. $
Dry gas rig count is down 53%; but oil rig count is up. Oil drilling produces huge amounts of gas. Answer is "no." Oil is it.
Richard Zeits has a 3-part
article dedicated to answering your question. Here is part 1:
No reason to add rigs at this price.
Look @ presentations from
about wet gas in the Marcellus. W/ new processing plants producers make 40%+ returns with prices here
Don't need to drill, just stop flaring what comes up w/ oil. The amount currently flared is enough to power the 6 largest cities in America.
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