I think nat. gas will pay off sooner than many think.
I reference the LNG facility Cheniere has in place at Sabine, the additional 'trains' they are constructing--or getting permission to build-timed with the expansion of the Panama Canal. Nat. Gas sells for what..$14 or $15 overseas as opposed to our $3.5 and I see a tremendous market in the Asian regions not to mention Europe.
I also believe there are others applying for LNG export licenses.
This company is run by morons....should be called Mcmoron....they should be following apa lead.....they are spending money on nat gas that is not worth anything...should sell the GOM assets and buy land based.....stupid explorer that has incompetent workers that dont know what they are doing.....
This company is run by prospectors, not morons. There's a difference.
Prospectors are dreamers and make more than their shares of mistakes, mostly by being unable to force themselves quit when they should. But they're not morons. And sometimes they're successful, very successful.