RE:Natural gas prices in Europe hit 2024 Highpracticalguy wrote: MCF is currently well testing in Austria, which just got cut off from Russian gas.
The natural gas price is now about $19 CAD per mcf compared to $2 per mcf in Canada. Oil is over $100 CAD in Austria.
Virtually any production will be highly profitable.
Seems like the mainstream still hasn't figured out MCF role in Europe energy stratigies. Once MCF starts producing gas/oil this stock will keep rising. More wells are going into production during 2025 in Austria Germany first and eventually Czech. People need electricity and warmth to live, its as simple as that. No brainer here a smart kindergardener could figure this out. IMHO
Austrian Chancellor Karl Nehammer said Gazprom's notice of ending supplies was long expected and Austria has made preparations. https://www.reuters.com/markets/commodities/austrias-omv-informed-by-gazprom-that-deliveries-be-reduced-0-says-platform-2024-11-15/