Canadian Superior Energy: On the Brink of Hitting the Jackpot? [View article]
Today is a down day in the stock market, but SNG and partner CHQ are both up as we investors wait for results on this second well. One more well is going to be done, and the semi submersible drilling rig "Kan Tan" will be moving to drill it. If you visit the Energy Information Agency web site you will see that even with natural gas prices down, they expect heavy consumption of natural gas in the future. Shortages of natural gas in the United States are going to be made up by liquid natural gas. The gas from these wells witll be piped ashore to a refinery in Trinidad to be converted to LNG. It will be available as demand increases. Timing should be excellent.
Canadian Superior Energy: On the Brink of Hitting the Jackpot? [View article]