Maybe this explains the response at the CIBC conference about not drilling for gas. Essentially productivity has allowed companies to lower their gas drilling cost to make a profit thus supply is likely to be ample around $4-5.
At several of the conferences they have really highlighted that drilling cost and times have come way down. Even though oil has come down in price their capital efficiency now in drilling should more than make up for the lower prices.
Great, nothing like a Yahoo story to really bolster and encourage the market. Yes indeed. That is just what the doctor ordered. Standby, massive share price increase coming. I guess when you're underwater and drowning, you'll grab at any air that comes along.