Quote:
Originally Posted by chemgear
Heh, perhaps - development engineers/geologists in those companies (conoco not listed and I don't really deal with ExM) and actually through my own work with the business leads of some of those companies as well - that is all the anecdotal information that I have and at the end of the day which certainly not definitive. Though I do meet with the board of directors of one or more of those companies every year. That being said, I see where you are coming from – heck, for all you know I could be making everything up. The internet/forums/statistics are fun that way! 
Bigger players betting that prices can get better (they can't get much worse - knock on wood) but the focus right now is certainly not to hammer out the same number of (shallow) gas wells - if they can, they're going after what oil opportunities they have at this time.
Of course, I'm looking at it in the context of future buyers and what they can afford - ultimately their actions and affordability are what will dictate actual sales (and real estate value) going forward. Those with mortgages now are somewhat irrelevant I believe - unless of course they default or can't deal with the new terms when renewals come up.
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Do I think house values could drop - alot? Sure. Hey, why not?
Do I think financial Armageddon's coming? No.