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Chesapeake Energy Corporation Message Board

  • captnhairpiece captnhairpiece Mar 25, 2008 10:44 AM Flag

    Supply and Demand=Lower NG prices

    Common sense. Plus it's getting warmer. It's going to put pressure on CHK in the short term. Everything he's doing is setting this up to be sold. I say it pulls back to $36-$40 and then it gets sold. Commodities have only just begun to turn over. This will drop with it, unless something gets done first.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Go away SHORTIE !!!!!!!!!!!!!!!

    • It's getting warmer? Doesn't that happen every spring? NG traders have probably never heard of that phenomenom.

      • 1 Reply to budwashougal
      • YAK YAK YAK! The price of NG is coming down. I hope that more and more folks use it as a source of fuel for vehicles. It will make it cheaper. Large companies are drilling all over the place and finding massice amounts of NG everywhere. Infastructure is getting built to move it around and once this is done the price will come down even more. NG is plentiful and will replace a larger percentage of imported oil going forward. This will put the money back into the US and create jobs again in the oil patch. The pipeline construction going on the North Central Texas is massive and expanding. The gas is going to be used for cars and trucks or the over-supply will get stock piled and force the price down. Look for NG filling stations coming to a corner near you in the future. Expect to spend several grand to convert older cars and trucks to use the new fuel and expect to see new cars being sold that run on LNG to be sold by the dealerships in your town soon.

    • Scotty, by any other name you "smeel" the same.

 
CHK
28.18-0.84(-2.89%)Jul 11 4:01 PMEDT

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