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EXCO Resources Inc. Message Board

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  • quantuon quantuon May 17, 2012 11:15 AM Flag

    Chk and nat gas

    don't look now but inventories popped 61 Bcfe this week.....more in line with previous years....

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    • Q
      the only thing that keeps me on the long NG trade is demand for the product will never go away. US companies and people must have it.

      This leads to who will survive this high supply low demand period. I'm obviously long XCO and will sell at $14+ or use certs for toilet paper at zero. Many nat gas co's KWK, CRK, CHK etc etc will either triple or more in next two to 3 years or become toilet paper as creditors seize assets and common wiped out. It happened in the banking industry in 08/09. I don't see that apocoylpse in energy though

      I did think we'd see a better/lower inventory number due to electricity switch coal to nat gas

0.8828+0.0425(+5.06%)Feb 10 4:02 PMEST