RE:RE:Oil and Gas Run is overRught?! Now just add something derogatory about his mom and you're on your way.
I am looking forward to earnings this week. I really want to see all the speculation about hedging contracts that might have dropped early and realized gains on west coast gas price surges in real numbers. I also want to see what they did with it. How far are they going to go with debt repayment or are they going to put that debt money into increased buybacks. We will know about buybacks as they have to report by the 10th of this month if they have been doing them anyway and that is Friday.
An update on how the BRFN deal affects their plans going forward would be nice and is expected also.
GLTA ARX BULLS
MyHoneyPot wrote: Like really?
Oil and Gas is stronger than ever because these companies will not produce gas at a dollar they will shut it in and they will shut in oil if the price ever goes negative again.
They have fixed their balance sheets, and with generally a 20% decline it does not take long of sitting on your hands to get a demand shortage.
If freeport was not down for 8 months, and it exports 60 BCF a month, gas would be down 200 BCF right now, and i believe we had a pretty mild winter.
Commodities are poise to explode, and it a matter of time.
IMHO