looks like NG is going to go up more, glad we are only 80% hedged, as the Obama administration has approved NG export, it will take a while as we have to build more LPG production facilities but it is at least started. This will help unemployment also longer term. Glad to finally see them make a decent decision on this. It will also help reduce green house emissions. NG on its way to $6 in two years.
Yes, export approval for NG is a long term positive event. I hope they keep approving more projects. I can see potential demand from China, and maybe Japan and Europe as they move away from nuclear.
One of the biggest issues for BBEP has been the drop in NG hedges from $8 to $4-5 now. One of the main reasons they are having difficulty covering the distribution. I hope they don't lock too much in at the low prices further out, although I think it may be years before a big rebound.
World price may also drop a bit as more exports come on stream worldwide.