OTCPK:PDPYF - Post by User
Post by
Indicatoron Jul 13, 2016 11:44am
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Post# 25048541
the bigger picture
the bigger pictureShort term we are seeing a typical seasonal bump as record inventories draw down some.
Pony has done the right things to keep a lead on the pack, but
the reason Shell has delayed yet again is simply this ...... "The world’s natural-gas suppliers don’t have enough customers ....
Wood Mackenzie estimates 70 million tons of uncontracted supply likely by 2021, enough to supply China, India and South Korea for a year. “We’ve had a cozy ten years where we could just sit on the fence and wait for the buyers to come to us, the sellers,” said Peter Coleman, chief executive at Woodside Petroleum “We now need to think about how we start to create market. We can’t wait for market to be created for us anymore.”
https://blogs.wsj.com/moneybeat/2016/04/28/in-hunt-for-solution-to-too-much-natural-gas-suppliers-weigh-creating-demand/