WSJ: Investors Are Warming to Natural Gas - GoHaynesvilleShale.com2024-03-29T01:08:55Zhttps://gohaynesvilleshale.com/forum/topics/wsj-investors-are-warming-to-natural-gas?feed=yes&xn_auth=noI bet none of us ever thought…tag:gohaynesvilleshale.com,2020-03-26:2117179:Comment:38963922020-03-26T15:54:44.973ZSkip Peel - Mineral Consultanthttps://gohaynesvilleshale.com/profile/ilandman
<p>I bet none of us ever thought we would be glad to see price predictions of $2.45/mmbtu. :-) I think $3 is a stretch but both projections for next year depend on the drilling downturn to last into the third quarter 2020, at least. Keep in mind that there are still plenty of DUCs that can be completed pretty quickly and an increase in the rig count will have volumes increasing quickly come Q1 2021 if the downturn lasts well into the fourth quarter this year. Considering the plight that…</p>
<p>I bet none of us ever thought we would be glad to see price predictions of $2.45/mmbtu. :-) I think $3 is a stretch but both projections for next year depend on the drilling downturn to last into the third quarter 2020, at least. Keep in mind that there are still plenty of DUCs that can be completed pretty quickly and an increase in the rig count will have volumes increasing quickly come Q1 2021 if the downturn lasts well into the fourth quarter this year. Considering the plight that O&G/Field Service workers find themselves in, it seems misplaced to root for the oil price war to last long enough to make a major change in the natural gas price range.</p>
<p></p> Thanks for posting this, John…tag:gohaynesvilleshale.com,2020-03-26:2117179:Comment:38962922020-03-26T03:48:02.153ZJesse Joynerhttps://gohaynesvilleshale.com/profile/JesseJoyner
<p><span style="font-size: 14pt;">Thanks for posting this, John. Ryan's logic makes sense. I hope his analysis holds up. NG mineral owners need a stimulus package, and this WSJ projection helps if we can juggle until 2021. </span></p>
<p><span style="font-size: 14pt;">Thanks for posting this, John. Ryan's logic makes sense. I hope his analysis holds up. NG mineral owners need a stimulus package, and this WSJ projection helps if we can juggle until 2021. </span></p>