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Canadian Spirit Resources Inc V.SPI

Alternate Symbol(s):  CSPUF

Canadian Spirit Resources Inc. is a Canada-based natural resource company. The Company is focused on the identification and development of opportunities in the unconventional natural gas sector of the energy industry. The Montney is an oil and gas play in North America and has reservoirs in Western Canada. The Company's significant land base is strategically located along the pipeline infrastructure that delivers natural gas to the proposed liquefied natural gas (LNG) facilities on the West Coast of British Columbia. The Company is engaged in the exploration and production of natural gas in the Montney Formation of Northeast British Columbia.


TSXV:SPI - Post by User

Comment by jeffz2on Jan 18, 2009 1:16pm
246 Views
Post# 15712214

RE: Natural gas in storage and withdrawal numbers

RE: Natural gas in storage and withdrawal numbersGood post gl1000.

When you look at it from that perspective, the current drop in the price of natural gas is getting distorted, as with oil.
Caught wind last week that many producers are considering or have ceased production until prices are recover.

Same with oil, producers have been reducing production due to current prices.

Only a matter of time (short term I am guessing) before the supply / demand figures send both oil and gas much higher.
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