Seeking Alpha

The continuing decline in natural gas (off 6.9% today) and resultant fall in electricity prices...

The continuing decline in natural gas (off 6.9% today) and resultant fall in electricity prices is shelving alternative energy projects from NextEra (NEE), Exelon (EXC), and CMS, but Michael Morris of American Electric Power (AEP) warns about becoming too dependent on gas. "The way to make $4 gas, $8 gas is for everyone to go out and build ... natural-gas plants."
Comments (5)
  • MexCom
    , contributor
    Comments (3050) | Send Message
     
    Nat. gas at the well head is worthless! In fact, most of it around the oil fields of the world is flared off. It is an expense in the way of oil production.

     

    The only way it has value is to build infrastructure to pipe it to a demand point.

     

    End user demand is down, the weak economy and the warm heating season. The prospect for the future is more dismal with global warming.
    17 Jan 2012, 06:04 PM Reply Like
  • cynic2011
    , contributor
    Comments (652) | Send Message
     
    Actually,end user demand has been increasing, drilling is collapsing. So the correction is already beginning,as always. Time to buy gas producers
    17 Jan 2012, 09:21 PM Reply Like
  • Spooly
    , contributor
    Comments (12) | Send Message
     
    Flaring off gas is old school. Now everyone wants to keep the under ground pressure. Hope NG makes a new bottom with a good long base. Could be a good long term investment.
    18 Jan 2012, 01:50 AM Reply Like
  • westerner
    , contributor
    Comments (198) | Send Message
     
    In the big Bakken oil field in North Dakota the gas is flared off. Quite a sight at night.
    20 Jan 2012, 10:35 AM Reply Like
  • Matthew Davis
    , contributor
    Comments (3670) | Send Message
     
    Why is PTEN being tied to Nat gas when its a pure driller, not a producer, or am I missing something?
    20 Jan 2012, 12:50 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|