Nat gas stocks jumping today. Made me think, right when NFX gets it stuff together, nat gas will take off and oil will fall. 2015 LNG exports start and world demand for oil will fall. Becoming oily has killed this company. Maybe should have gotten better and more efficient at drilling for gas and kept total production going up like SWN & COG.
I am sure they have the nat gas drilling locations in G Wash, EF, and Cana to make an effortless transition back to nat gas. Maybe that is why their nat gas production guidance is so wide through 2015.
Didn't they have some Marcellus acreage at one time? What happened to that? Divested and sunk into a hole in Utah?
NFX is one screwed up company. It is everywhere but no where, all at the same time. Boothby destroyed most of the company value farting around with oil properties that will ultimately be sold at fire-sale prices. The Analysts on the CCs are holding back from laughing when they hear him speak. You are always left thinking, "What the hell is this guying doing running this company"? What a mess...