GREY:PEYTF - Post by User
Post by
Khersonon Apr 21, 2015 11:10pm
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Post# 23651179
Food for thought...
Food for thought...Before folks panic and sell their position in Parallel at these prices, take a good look at the future of both the Ethane market and the NGL markets in general. Presently there is too much ethane being produced in the US, but the soon to be accessible export market by Sononco could see US ethane prices being based on the oil price, instead of US Natural Gas Prices. What is also interesting is that Phillips 66 is doing major expansions for NGL processing and shipping. Finally, the expansion of the Panana Canal will also help to increase LNG and NGL volumes to Asia...
Kherson