Spending the afternoon trying to recover from the Thanksgiving Day's meal I checked on the trend of the wellhead price of gas. I was happy to see it is finally going up. It has been sitting @ $2.59 mcf, but today it jumped to $2.86. I know I am REALLY jumping to a conclusion, but I think we may be on the cusp of returning to the price we had last November. We know the present administration is not coal friendly and last winter's abnormal warmth will not be seen again. Finally, the economy is on its way out of the doldrums. Putting all this together I think we will see $4.00/mcf and an increase in drilling in the calendar year 2013. I would be interested in anyone's supporting or critical opinions on this. - Denver

Views: 305

© 2024   Created by Keith Mauck (Site Publisher).   Powered by

Badges  |  Report an Issue  |  Terms of Service