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Constellation Energy Partners, Ltd. Şti. Message Board

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  • rrb1981 rrb1981 Mar 28, 2009 10:55 AM Flag

    dont understand

    Natural gas pricing is falling through the floor due (currently at $3.74/mcf) to an over supply. Constellation is located in the mid continent and they receive even lower prices than Henry Hub on any volumes that are not hedged. 2009 will be a difficult year for the industry as rigs are idled and the oversupply is worked off. I question whether they can maintain the distribution if the downturn lasts more than a year. Ideally, CEP and QELP would be great merger candidates with overlapping assets. This company needs to be recapitalized in the long run.

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