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Perpetual Energy Inc T.PMT

Alternate Symbol(s):  PMGYF

Perpetual Energy Inc. is a Canada-based oil and natural gas exploration, production and marketing company. The Company owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta and undeveloped bitumen leases in Northern Alberta. The Company also has a portfolio of oil sands leases which have bitumen resource potential.


TSX:PMT - Post by User

Bullboard Posts
Post by boulignyon Oct 15, 2012 8:21pm
150 Views
Post# 20486503

Natural gas eyed as fuel for trains

Natural gas eyed as fuel for trains

https://www.sfgate.com/business/article/Natural-gas-eyed-as-fuel-for-trains-3948140.php

"Railroad companies seem to believe natural gas prices are going to remain low and stable because of booming production of gas from shale plays, giving it a consistent price edge over diesel - which now sells for $1 to $2 more per gallon than an equivalent amount of natural gas.

With industry leaders Union Pacific and privately held BNSF Railway each consuming around 1 billion gallons of diesel annually, even a difference of a few cents per gallon can mean tens of millions of dollars in savings"

i wonder what they mean by an equivalent amount.- does not LPG have a more substantial cost advantage than that?    ( vs diesel, BTU wise)
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Bullboard Posts