Discussing the Marcellus and Utica Shale
Natural Gas prices starting to break out Trading at $3.56 up over 8% today.
This bodes well for our area if Natural Gas can continue to climb and head towards the $5-$6 area.
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Replies to This Discussion
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Permalink Reply by Albert Russell on
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What are the chances that this trend will continue
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LandownerPermalink Reply by james on -
I read where a cold winter could push prices to $10+, it might only be short term but that could help increase activity fast in this area.
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LandownerPermalink Reply by james on -
Here’s the article about possible huge Natural Gas price increases if we have a cold winter.
https://finance.yahoo.com/m/ce295bdd-9b51-385a-80bf-46f7c0e960f0/na...
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James
That is a interesting article thanks for sharing
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LandownerPermalink Reply by Bluflame on -
Other natural gas pundits have opined that all the new pipelines (i.e. Rover and Nexus among others) may reduce the necessity for seasonal gas storage to offset spikes in winter demand. The theory is that the pipelines themselves are defacto large storage chambers. As an NG royalty recipient, I'd like to see the theory tested this winter! The current price spike is encouraging....let's hope it proves to be durable.
BluFlame
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