What are you talking about? Trucks and buses are being converted at a historic pace, coal continues to be replaced, new emissions proposals out this week, several pipeline projects set to open, senate export vote this year and RRC specifically looks to double digit growth next year. Nat gas has held up pretty damn well considering the commodity bloodbath and will rise as we close out the summer into fall. There is no drama surrounding Nat gas, companies with large Nat gas exposure will be just fine, you sir, seem to be talking about Nat gas and oil as if they are mutually exclusive. That ain't so.
They had paid for rights to name the stadium. They terminated the contract and saved tens of millions. Wow, the previous management group were complete f'ups. What in gods name did they buy those rights for in the first place? Promote the stock?
Its senseless and it should make longs feel confident because this is pure capitulation when the baby goes out with the bathwater. The entire sector is getting irrationally purged because of wti\brent paper regardless of a companies exposure to oil. Most of the natgassers were actually green early today before suddenly marching in outrider lockstep with oil.
Natgas looks very promising (esp with new obama proposals and pipelines) yet there is absolutely no mercy. Won't take much for all that short wti\brent paper in NYC and London to start getting called in. In fact, I think this sector just needs a small bit of good news to send prices soaring.