RE: RE: negative nancy returns Vol 4It isn't about the price of NG... OR cash flow...IT IS about production and reserve growth... NG price could be 10 dollars... and that means absolutely NOTHING unless you have Biilions of cubic feet on tap and coming on line to sell... it means even less IF you run out of NG... AS for PMT's Oilsands...GIVE it UP man... without meaningful deliniation plans in the short term (1-3 years)...those "assets" account for nada... and won't for at least 10-15 years...Storage? who in their right mind would add to their overhead costs by shipping gas into storage???
The liquids rich train and the oilsands bus... have both left the station and PMT is caught in a cab trying to decide which one they might be able to catch up with...
it's My opinion git yer own.