Quote:
Originally Posted by Shazam
In regards to NG prices, I don't see a recovery happening. There's a massive glut of supply resulting from NG shale extraction finally being truly realized in the US. They have massive reserves down there.
Also, NG isn't truly fungible, nor truly a commodity.
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NG is tied strongly to the Oilsands, since I believe most companies use Natural Gas for their extraction process. Therefore, once Oil gets to a point where the Oilsands are profitable, the supply glut will be eaten up pretty quick.