Looks like the management induced corporate larceny of GMXR's assets has concluded just in time for nat gas to go back up. Man if anyone ever went down this rabbit hole I'm sure there's one helluva story.
The vast abundance of NG has put producers in a catch 22 situation. They can flare NG, cut capex for NG projects, endorse ideologies (such as NG fired power plants, cars, etc.) to boost demand…all in an effort to boost the price and make NG projects economically feasible. The problem then is once they reach that point, and begin capturing gas rather than flaring it, expanding NG projects, etc. they build NG stocks up so quickly that the price craters in short order. Unlike oil, where there is a perceived scarcity, the secret is out that you can poke a hole in someone's backyard in Peoria and hit NG. As a resource, NG is more like water than it is oil.
In many large cities, the utilities charge for each streetlight whether operational or not. If this is the case in Detroit, making the streetlights operational will actually lead to a decline in profit because repairing them will actually require power to be sent to the lights.
Hedge funds have had this buy Apple/short Blackberry trade on for a couple years. There was some closing out of these positions when BBRY ran from 6 to 18 and Apple fell from 700 to below 500, but at that time a lot of new positions were opened up on the same long/short trade. The short positions are so large that for some of these guys to profit they'll need BBRY to be sub-5 when they start covering. So I'm sure they're pulling out all the slimy tactics (hatchet jobs, message board trashers, misreported headlines, etc.) to push the price down.