soonerxii

Beaten Down Natural Gas Likely to Stay Down, Making Producers a Short

It appears that I was mistakenly under the impression that LNG was not cost effective to ship across the ocean at these prices.

Also, I'm worried that we just had one of the coldest national winters in a while, and nat gas fell all winter long. Nat gas should never dip below 5 in a cold winter.

We hit 2.80/mcf a couple of years ago, and Chesapeake shut off their valves and help get the price back up immediately. This time, Chesapeake is struggling to keep their doors open right now, so they aren't shutting off anything, but outside landmen.

Green initiatives will take several years to have any real effect on prices in my opinion.

Nat Gas will rule the roost one day, but I'm afraid that the author might just be right for the time being.

I will say this though, as a guy in the landman business, I still have a job in the Fayettville, but other than that, most of the plays are so shut down, it's not even funny.

I'm not getting short, but I'm covering my longs.