Highly doubtful. If NG prices go up usage goes down and supply goes up. The exporting starting in 2015 is the right answer. We may see $5 in 2015 or 2016 but after exporting gets serious I expect the price to rest at $6 to $7 for a few years. Don't get me wrong I am bullish on NG and on SD but we don't need $5 NG to be making good money. Besides $6 NG in under 3 years would put SD well above $15 a share. Not an untidy profit. However it is likely that we won't make it to the promised land. SD will be sold well before then (IMHO).
Agreed. This is a diminishing resource in a safe country and easy to get. Big oil and gas will do well to secure these resources through M&A. They'll be making good money at $4 plus NG. Consumer would do well will cheaper fuel. Manufacturers will do better with cheaper resource. Country will do better with cheaper, cleaner and made in the USA resources. Everyone's a winner.
Lots of money to be made here, the new plastic.
Weather helps but very little as we have so much that most producers have cut back on production and the flaring continues.. we needed that damn NatGas act passed or now to pick up the snail pace on exporting.. I gave up on the cold weather helping NatGas years ago..
VCAN - Do you really think our government is so stupid as to actually hamper the development of what could be the best new export the country has ever had. A product that can single-handedly reverse the deficit and vastly improve the standard of living in America. A product that will reduce global warming and lower disease related pollution. Naw..Not possible.....
Quite a few exports facilities already been approved. They need to start building. LNG's facility comes on line in 2015 and then we should start seeing storage numbers come down. It won't take many of the terminals to push NG to the $5's and $6's. 2015 not far away so invest now.