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  • rrb1981 rrb1981 May 25, 2009 6:50 PM Flag

    What will it take?

    I don't think Copano will see $45 for a long time. It is not so much the commodity prices but how natural gas liquids track oil (or gas). Natural gas prices will, in my opinion, have a very difficult time getting over $7/mcf or $8/mcf due to the large shale plays that are very profitable at $5/mcf and $6/mcf. The Haynesville and the Marcellus are just now ramping up and the Barnett and Fayetteville are still less than half developed and then throw in the Eagleford and the handful of smaller shale plays (Woodford, Antrim, New Albany, etc) and I think it is safe to say that the US will have no shortage of gas.

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