Quote:
Originally Posted by fotze
Seeing the ridiculous gas rates coming from horizonal multi-staged fracced wells lately, DO NOT lock into anything to 'protect yourself from higher prices'.
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Wait what? Back in the housing thread you figured I needed "friends in higher places" because I wasn't bullish on gas like you were.
Prices have dropped continuously since then; as much as 25% more to like $3.00 AECO - it's a little better now, but still hurting many companies in town.
Like you say though, not much let up for a good long while with the near record rig counts in the US too. Inventory is still at record levels as well.