Energy Recap this week and new IPOs in the energy sectorGood news from the oil rig count front this week, according to the latest Energy Recap article from Seeking Alpha below:
SA article: Energy Recap and the new IPOs in the Energy Sector Oil rigs were down 3, while gas rigs were up 3. However, we are 600 BCF down on a YoY basis on nat gas inventories in the U.S., so natural gas prices could reach $3.5 per mcf with a normal winter are not out of the question. This will help the Canadian AECO and Station 2 too.