Down from 12.7 bcf/d in March and nowhere near what EIA has been reporting for Marcellus which PA is 95% of it.
gooe news is that i see more and more so called "experts" challenging the EIA numbers and I believe...eventually.... the truth will come out
search "LOUISIANA STATE NATURAL GAS PRODUCTION" to find the website and read the numbers for yourself
you will need multiple Marcelluses to make up that kind of a difference. No idea what EIA is extrapolating
go verify these numbers for yourself. search "Railroad Commission of Texas" to find the website
this is a repeat of last summer. take advantage of these worthless Wall Street Criminals
I see more and more so called "experts" acknowledging what the state of Texas, Louisiana, and Pennsylvania and companies like Exxon have been saying for months: PRODUCTION IS GOING DOWN, and has been going down for months. I expect many PUMP and DUMPs next month on the way to $3. Trade it.
did the weather people say a cool summer in US or just in Chicago?
be very careful....
i think that is likely. Demand is thru the roof, once people understand the EIA numbers are fake, NG will be trading much higher. EIA said prices will stay below $4 this year, but that remains to be seen....
i feel they are trying to catch you short...for now, I'm out, waiting on a better play. A drop in the rig count will probably turn things around today...
they couldn't pay the debt when NG was at $6...what will happen at $2?
the so called executives are making millions and they want to continue to do so for as long as possible. I agree, they will keep the output high as long as they keep getting paid millions. But that is a Ponzi scheme and EIA is about to blow it up
while the company is $11 billion in debt and the roughnecks being fired. PONZI scheme
the end is near