RE:RE:Their production is 80% gas and low price NGL,s yet theyYou're either ignoring or forgeting when oil collapsed, natural gas held strong along with TOU's profitability
At the end of the day people can say what the want about boe or the differences and similarities of oil v nat gas, the proof was in the TOU pudding as when the spot price of oil collapsed, TOU was making record profits of nat gas and even intiated a dividend and became Canada's largest nat gas producer.
And, so far as i can tell, my furnace burns nat gas, and with over a billion people in india who are just coming online with natural gas in a significant way, the future for nat gas is just beginging.