Surging Natural Gas Prices

How are the surging natural gas prices affecting drilling this year, and what about going into 2022?  Are the gas companies taking advantage of these higher prices?  What`s next?

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Permalink Reply by Ralph cramdon on March 5, 2022 at 12:12am

Butane strong as well 

Permalink Reply by farmgas on March 8, 2022 at 1:19pm

How will the surge in prices for gas company stock impact future merges or buy-outs?  

Permalink Reply by cassandra Kress on March 8, 2022 at 10:16am

I really really hope and pray we start drilling on our land. its in the works from what i was told. We need to be producing here!

Permalink Reply by Ralph cramdon on March 9, 2022 at 4:42am

Once again no reply button on your post Farmgas ..... I would not expect too many buyouts now as prices are high .... mergers might be possible ... Usually its due to lack of future drilling inventory that inspirers a deal ..... CNX is viewed to be in that position ... Sometimes Management is getting paid very well and is unwilling to part with those nice benefits ..... Deals are always a surprise , nobody saw the COG / XEC deal coming , and many still don't like it .... This is a very frothy Market , Investors in energy have had a very good run ... As of today I am reducing positions greatly to preserve profits ..... Could be a mistake , who knows ??? 

 PS . best of luck to you MS Kress , I hope you get that first check soon ..... 

Permalink Reply by farmgas on March 17, 2022 at 2:05pm

Natural gas price continues to stay strong, and the Ukraine situation remains on-going in Europe.  How are gas companies responding to the need for more natural gas?   Will we see more drilling this year and at an accelerated pace?  If so, where? 

Permalink Reply by Ralph cramdon on March 18, 2022 at 12:51pm

Accelerated drilling is slowly happening mostly in the Permian ...... And some private outfits in Appalachia .... The big guys are staying the course so far 

Permalink Reply by farmgas on March 18, 2022 at 1:29pm

Why would the major gas companies hold back?  Wouldn`t the higher NG prices off-set cost for further development?

Permalink Reply by Ralph cramdon on March 19, 2022 at 3:12am

Why would producers hold back ... 

 

ESG , Banks , Shareholders , Lack of New Pipelines all are factors ..... 

 

Banks now get branded as Climate Change enablers if they invest in oil/gas ... 

 Shareholders want greater returns ,,, cost a lot of money to expand ... 

 Climate Change Folks are aggressively demanding no new pipes .....  

Permalink Reply by paleface on March 20, 2022 at 3:34am

There is a lot of masquerading happening with investment energy funds, fossil and green selling both,Blackrock as one example.

Permalink Reply by Ralph cramdon on March 20, 2022 at 11:41am

Believe it or not Blackrock has recently merged its pipeline Asset in the permian with a APA pipeline to form KNTK ...... Blackrock is the majority owner ... Which only has a 5% public float ........ I do hold shares ...... 

 Blackrock has also been buying shares of some quality Producers .... 

Permalink Reply by Ralph cramdon on March 20, 2022 at 11:44am

The greens have held up the final miles of the fully subscribed MVP pipeline .... Sen Joe Manchin  is pissed that this pipe , vital to electric generation in the US Southeast , is being held up .....ETRN is the pipeliner in control 

Permalink Reply by farmgas on March 21, 2022 at 12:24pm

The first quarter in 2022 is coming to an end soon.  What will the remainder of the year look like for gas companies?  LNG demand seems to be increasing... 

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