RE: more info ...Nice post boloney... WHICH is exactly what I had tried (and gave up on) to get across to the folks trying to extoll the virtues of a gas weighted producer in Canada... In the USA... the majority of Mineral rights are in the hands of ordinary folks.... even a homeonwner in say... Los Angeles typically owns the minerals... In any case in order to exploit O&G the companies must sign leases with the mineral owners...and as "plays" emerge... the race to sign up mineral owners begins... in order to produce a company must have a "drilling spacing unit" under lease... and these leases typically can have some rather hefty bonus payments... rentals themselves are peanuts compared to the bonus...because mineral owners are in it for the royalty... HOWEVER most leases have a us it or loose it clause meaning that if they do not drill and prove econmic recovery... the lease expires... SO... it does not matter what a 'cube" of gas is selling for... the US companies have so much money invested in the use it or loose it leases they had NO option BUT to continue to ramp up drillihng activity lest they loose those leases...and because they were NOT achieving economic returns they signed up those JV agreements with off shore money so that they could continue to drill... IN the end... THOSE JV agreements have created a situation where there are probably trillions of cubes of NG waiting to find a market...what DOES that mean to Canada???
quite simply... NG is pretty much a no growth commodity until a long term use for NG can be developed... for power or mobility...
it's my opinion git yer own...