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Natural gas producers are sharply higher premarket in the wake of Chesapeake's (CHK +5.4%)...

Natural gas producers are sharply higher premarket in the wake of Chesapeake's (CHK +5.4%) production cutback and a spike in prices. Quicksilver (KWK +4.9%), EXCO (XCO +4.3%), Range Resources (RRC +2.7%), Cabot (COG +2.9%).
Comments (5)
  • buyitcheap
    , contributor
    Comments (1892) | Send Message
     
    Well, we were looking for a catalyst... and a cutback would be one. :-)
    23 Jan 2012, 09:43 AM Reply Like
  • North Pack
    , contributor
    Comments (54) | Send Message
     
    Only a matter of time, in fact I'm surprised it took so long.
    23 Jan 2012, 10:47 AM Reply Like
  • ampirical
    , contributor
    Comments (2) | Send Message
     
    Retired Naval Officer, intelligence, nuc weapons, command at sea background. After retirement ... PR and gov't affairs on behalf of electric/energy industry 20 years.......

     

    President's decision delays the pipeline - that's all...... Stocks like WMB WPX very timely for investors now....... I am long...... And planning to buy more on dips.......
    23 Jan 2012, 11:02 AM Reply Like
  • pete123
    , contributor
    Comments (884) | Send Message
     
    See the article below for some key numbers:

     

    http://bit.ly/wKB6fR

     

    Quote from article: "An exceptionally mild winter to date has pressured U.S. natural gas prices to levels below our prior expectations and below levels that are economically attractive for developing dry gas plays in the U.S., shale or otherwise." ... CEO Aubrey McClendon said in a statement.
    23 Jan 2012, 11:32 AM Reply Like
  • User 353732
    , contributor
    Comments (4910) | Send Message
     
    Until major exports begin, this is the only way for markets to balance.
    When US markets are integrated with Asian and European markets via LNG exports these curtailments will not be necessary.
    23 Jan 2012, 11:41 AM Reply Like
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