RE:RE:Timber You do realize the decline rates in the shale plays are suggesting the end is near, particularly when you consider the shale gas plays are losers to begin with. That stupidity only continues for so long. Give it time.
climbingbum wrote: This is what happens when an industry becomes toxic and unownable. Money is flowing out of this sector, there isn't a fund manager, pension fund or hedge fund that wants to go near these names. Shorts pile on endlessly and the downward spiral continues.
Add to that the endless amount of gas coming out of the shale plays south of the border and you won't see a decent gas price for years if not decades.
We are at a point with this company that they may as well fire everybody, don't drill another well and just use the cashflow from the existing wells to pay off the debt. Once all the wells stop producing you will have paid for everything, still have the gas plant and land positions and maybe then start over and hopefully prices will be hgher at that time cause every gas company in Canada will be gone. If this thing doesn't go private soon I will be shocked.
Later
cb