Replies to This Discussion

Permalink Reply by dbob on July 22, 2012 at 3:58

Mike - please change your title for this discussion.  It seems positive, and we need to view the cup as half empty so that any improvement satisfies us.  :)  More seriously, I think the author must be either getting ready to short some companies, or is working a pump and dump type deal.  He is way too optimistic.  If he had peg his guess to $5, then I'd call it more realistic.  

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Permalink Reply by Krkyoldhag on July 22, 2012 at 4:50

This is Poppycock. 

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Permalink Reply by ken hatcher on July 22, 2012 at 5:10

 Some points valid......poop will smell and time will tell!

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Permalink Reply by tc on July 22, 2012 at 5:08

Another moronic article by an idiot who has as much natural gas knowledge as a two year old.  Look at his other articles; Spain: Liar, Liar, Pants on Fire; Spain: Lies and More Lies, Redux, there is a very valid reason why this guy has only 16 followers.  This is how stupid he is, one of the catalysis he gives for the upcoming $8 price is shut-in gas production.  Anyone with half a brain knows shut-in gas is what will keep a damper on price rises as this gas will be dumped on the market as the price rises.

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Permalink Reply by ken hatcher on July 22, 2012 at 5:25

Like I said "some valid points" like the first line...There is a glut of natural gas. lol

 

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Permalink Reply by Jeff Flenniken on July 28, 2012 at 1:51

Just a simple question,"Where did you get your geology degree" or "When is the last time Forbes asked you to write an article because of your vast knowledge of the oil and gas industry?"

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Permalink Reply by RONNY on July 22, 2012 at 5:35

Interesting article.  Looks like he gathered a lot of facts and did a lot of research before he wrote it.  Other than the title I saw no other wildly speculative statements from the man.  Thanks for the post Mike.  Crossing my fingers now for $5.00 by December.  JMO

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Permalink Reply by HBP on July 22, 2012 at 5:57

Part of me wants to dispute the "faster than anticipated shale well declines" with some data from the many Haynesville wells that stayed on a 10-14/64 choke for the last 12mos with only slight declines, or from certain wells that passed 6BCF and are still going fairly well.

The other part of me just wants to promote any article that points to a reasonable price recovery...

Lets just take the climb back to $3, build some price support, and look toward $4 over the next 8 mos.

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Permalink Reply by farmbrad on July 22, 2012 at 5:52

I like his talking points. Industry is definitely gearing up to use shale gas as feedstock for petrochemical & power generation. By 2015, some plants will be up & running. Everyone I have natural gas discussions with (in industry) is raving about its future use. Realistically, I think he forgot to put 3. in front of his 8.

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Permalink Reply by Parkdota on July 22, 2012 at 6:07

I wish....don't we all? No way on $8. Operators have natgas choked, shut off, or not completed. They are making the price rebound through restriction. Also, well before $8 (maybe $4) the coal that has been piling up at utility companies will be put in to use. $4 would be lucky.

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Permalink Reply by Les Bamburg on July 22, 2012 at 14:30

Mike, directionally natural gas prices are headed up but the article is loaded with factual errors indicating the author lacks a reasonable understanding of the natural gas business.

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Permalink Reply by Dion Warr, CPL on July 22, 2012 at 15:17

Les B:

Stop mincing words and tell us what you really think. (LOL!)

Actually, I was questioning some of the logic and conclusions that the author had reached; the facts as presented at several points appear to be oversimplified and lumps facts about several plays together to support a seemingly predetermined conclusion.

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