Getting close to $5.00 per mcf. Will we make it and will it hold?

Would love to hear your thoughts on price outlook.  Would like to hear why you think what you do and not just a cut and paste to EIA.

 

Thanks

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Permalink Reply by P.G. on June 10, 2011 at 13:03
How much real gain is this considering everything else costs more nowadays?
Permalink Reply by farmbrad on June 10, 2011 at 14:06
I think adubu's cost estimates are spot on. Industry is preparing to take advantage of abundance of natural gas. We use on average 260-300MMcuft a day in Freeport right now & planning new cracking units to convert to ethane. Our supply is presently coming from the Permian Basin but that's going to change. Eagle Ford areas have contracted as future supplier. LNG plant is building another huge liquification plant & plan for storage in massive salt domes for shipment overseas. I hate to get political but the Feds are holding up permits. When permits for expansion start flowing, demand will increase dramatically.
Permalink Reply by Les Bamburg on June 10, 2011 at 18:44
Bobi, what is your time frame?  Next 6 months or next 6 years?
Permalink Reply by adubu on June 11, 2011 at 4:24
Bobi---like Les B ask---You ask and some have replied---OK now your turn to reply with your thoughts
Permalink Reply by adubu on June 17, 2011 at 9:49
Parker---are you going give us your thoughts on price outlook???

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