Quote:
Originally Posted by Mr.Coffee
And another topic I wanted to post about is the current natural gas storage in Alberta is very high, and for at least 1/2 the month of February, we've seen a net injection of gas in February. Typically the winter months withdraw storage and then the summer months fill storage for the winter draw-down. Sometimes summer can withdraw if weather is really hot in large population centres that end up using a ton of A/C, but this is a problem.
Natural gas prices are horrifically low already, and this could be catastrophic to industry prices. Has the province ever even seen 100% storage?
|
Oh man, I'm in O+G, but if creditors can get away with pawning off the abandonment liability to the government it could be a complete disaster. There is no way that the liability should be passed to the taxpayer. I'll be very interested to see how this transpires (haven't seen any judgement yet).