RE:RE:RE:Vermillion well positioned for new world economicsNatural gas in North America is readily available at a very low price thanks to massive reserves in BC, Alberta and Pennsylvania, along with associated NG production from the Permian.
Canadian natural gas can never hold these prices for too long, its too easy for 20 different companies to produce an incremental 2 BCF/D from the Montney, Duvernay, Spirit River Group...
European NG is expensive long term, as they are shooting themselves in the foot with Green-icide.
Eventually more LNG terminals, more Petrochemical facilities will increase NG demand in North America, but the supply available is almost limitless at $4 / mcf over the longer term.