Cat did you find the over supply yet ? LMAO buying one million shares.
catbirdejour • Nov 29, 2014 9:34 AM Flag.
Over supply of natural gas? Where so freaking idiot?
Sune was up 90 percent from the open price today. I made more by lunch time today then the DXI pumper clowns will make all year. DXI bagholders are on the 5 year plan. LMAO
That's the CC when they said no PP was needed then two weeks later they sold like $4 mill in shares at a huge discount. PGM bailed out back then ? Good DD 4tires...LMAO X 4 MILL
The situation facing Canadian natural gas producers might be thought of in terms of a bakery that sells all its bread to the same customer every day. That's fine until the customer opens his own bakery next door, and the original baker knocks on the door and asks if they need any bread.
Historically, the United States has been the main buyer of Canada's oil, natural gas, propane and other petroleum goods. In the last five years, this relationship, symbiotic for so long, has seen profound changes as commodity prices have fallen and U.S. production has undergone a dramatic reversal of fortune because of the emergence of prolific shale oil and gas plays.
At the same time, Canada is still trying to ram its oil and gas across the border. Like in the case of competing bakeries, however, the demand is only so big.
"[We're] very concerned about it. We are losing our market in the U.S. for our gas," said Dave Tulk of Calgary-based Gas Processing Management Inc. "The ability of our gas to compete with the gas coming out of the shale plays … it's a real concern."
'We, as Western Canada, need LNG'
Similar to the Canadian oil industry's desire for new export pipelines, the natural gas industry is also craving an outlet to international markets. Several Liquified Natural Gas (LNG) facilities are proposed for British Columbia's coast, but there is considerable uncertainty whether any of them will be built. If they aren't, there is little doubt Canada's natural gas industry will suffer, especially as the U.S. market dries up.
"We, as Western Canada, need LNG to go off our west coast," said Tulk. "That creates a huge number of opportunities for us in terms of sustaining and growing our gas industry, sustaining and growing our LNG and petrochemical industries. Getting LNG is a critical strategic project that needs to happen for Canada."
Companies want to export natural gas because world prices are much higher than in North America.
There are some domestic opportunities for n
Fats it will take 5 or 10 years for the drilling to come back in the Piceance basin. Jordan Cove deal slammed many doors for Colorado NG. You have no export route when prices come back. Nobody cares about flow rates at Koko. LMAO
A federal commission on Friday denied an Oregon pipeline and liquefied natural gas export project, in a blow that reverberates all the way to western Colorado’s Piceance Basin and is a victory for Oregon landowners and environmentalists. In a 25-page order, the Federal Energy Regulatory Commission denied the proposed Jordan Cove LNG export terminal and the 232-mile Pacific Connector Gas Pipeline. Boosters of western Colorado’s natural gas industry had looked to the project as a new outlet for shipping Piceance Basin gas overseas, creating a new market at a time when local producers are struggling with low domestic natural gas prices.
" Panel rejects Jordan Cove export project " The Daily Sentinel source.
Goodhumor5 will Be pumping woodrush soon...LMAO