RE:RE:What is more profitable with gas prices at current levels?It makes no sense to switch from power generation to gas sales unless the price of power falls significantly and the price of gas doesn't.
Since coal fired power isn't an option, that decoupling is not likely. With JOY entertaining an expansion of generation, obviously the returns from generation are greater than gas sales due to the capital costs of the generation making generation more costly than gas sales.
Value added revenue streams also make the company more valuable in the long term. Unless global demand crashes for whatever reason, the pent up demand from covid reductions will soon eliminate spare capacity. Lack of investment in new capacity will create the conditions for ever higher prices as the law of unintended consequences bites the climate change zealots in the axe.