Need another 80b drawdown, and some more operators to see the light on drilling and giving away their gas. Like Watford has done. I see us up to 25 anyway. Not buying at 17 bothers me, but I have a good pile
Agree. $25 looks very likely, with a chance for more. I keep reading articles from the "intelligent" group out there that depletion rates of thes fracked fields is very high after the first year of drilling, and the "peak oil" gorilla is still sitting in the room.