Post by
nozzpack on Jun 30, 2021 7:23am
Natural Gas Prices Highest in Years
Shale gas has nearly tripled since one year ago and is now at $3.59 US.
That is the highest in years...
https://www.nasdaq.com/market-activity/commodities/ng%3Anmx
Like AECO natural gas prices are now above $4 which is also the highest in years.
Years of under capitalization , especially this past year, in both oil and gas, has depleted reserves and production.
And this trend will continue into the foreseeable future, as it will take years to replace thos reserves.
As BRY gets a large portion of its revenues from the US, these very strong gas prices and strong cash flows will lead to increased development Capex..