GREY:BXEFF - Post by User
Comment by
canoe2000on Jul 22, 2012 3:40pm
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Post# 20139988
RE: Were headed to $8 Natural Gas
RE: Were headed to $8 Natural Gas No chance for $8 NG imo. Coal will bounce back at $4 and NG is a byproduct of oil + liquids drilling. Most likely in my opnion NG settles between $4 and $5 for decades to come. That is about $25 to $30 BOE, which if I recall correctly ,used to be considered a pretty good price. That will only change if the USA allows exports of LNG, and that is unlikely IMO.(stupid if they do!)
BXE will do very nicely with such a price regime. We do not need $8 NG to be valued at $9 which it just was!