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Alpha Natural Resources, inc. c Message Board

  • sellhigh999 sellhigh999 Mar 28, 2013 9:30 PM Flag

    BH Rig Count for NG drops by 29 for the week

    Looks like $4.00+ NG here to stay.

    Sentiment: Strong Buy

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    • The NG producers need to reduce capital expenditures. They have been spending more money drilling wells than they have received for the ng produced.

      Now the ng producers are receiving more for ng. A perfect time to reduce drilling (capital expenditures) while income increases due to higher prices for ng.

      NG production will remain relatively stable as long as drilled but unconnected wells are put into operation. However, sooner or later they will run out of drilled but unconnected wells. When that happens look for for ng production to fall.

      Whats more, it will take an immense increase in drilling to stop the fall in ng production. Something that is unlikely to happen until ng is priced much higher.

 
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