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 paleface on January 25, 2024 at 3:36am

They have to train the fire men how to stop the E cars from burning they have a special tarp to cover the burning cars to try and cut oxygen to the flame there about 5k each than the smoke from the burning cars is poisoness they have had cars burst back into flames at the tow yard,why isn't the news talking about this.

Permalink Reply by Ralph cramdon on January 25, 2024 at 4:30am

Miami Herald ran a story yesterday that e car tires are lasting less than 10,000 miles .. Tire pollution is worse than gas tailpipe pollution 

Permalink Reply by Ralph cramdon on January 25, 2024 at 4:28am

CNX free cash flow yield was 9% ... OK but not exciting ..The clock continues to run on the amount of drill sites remaining ... Nothing overally inspiring... Continue to watch from a distance  

Permalink Reply by paleface on January 25, 2024 at 3:39am

Hey Ralph are you buy,sell or hold on SWN. thank you

Permalink Reply by Ralph cramdon on January 25, 2024 at 4:42am

So many moving parts to that SWN / Chessie deal . #1 question , where are gas prices in 2024 ? They are currently over producing in the US . Though the gas rig count has been dropping .. Electric demand is poised to grow . LNG exports will grow also .. 

 Some are predicting a very cold end to feb / march ,, which would be very helpful . 

  I have switched from SWN to Chessie , why ? Dividend from chessie  while you wait for the merger ... Those two stocks should move in unison till the merger is complete . Chessie bought swn for its best of breed Haynesville and good quality NE PA land ,,, that WV Utica is not in the same arena .. The chessie holdings in the portfolio  are not that large..  due to the uncertainty of gas prices  ...   Merril has CHK to $120 , others in the $90 range .. Windmiller NEP having a big day on dividend announcement .. Watch propane inventory levels ... getting back down to 5 year average .... 

Permalink Reply by paleface on January 25, 2024 at 5:08am

I agree Ralph I can't see a strong plus side to owning SWN, Thank You

Permalink Reply by Ralph cramdon on January 25, 2024 at 5:27am

Best of Luck Paleface ... As I have mentioned before ,  this Full time  24 year plus ,Energy guy, who spends way too may hours working on this  , but has been Blessed  ,  this is the only place I post . 

Permalink Reply by farmgas on January 29, 2024 at 3:11pm

A very complex world we live in with so many factors that affect natural pricing.  Just when we think global conflicts will drive up prices for LNG demand and natural gas pricing we get mixed results.  Residential & industrial use of natural gas for heat & electricity seems to be predictable and then it does not  happen as predicted but then does sometimes.  And then the weather is fickle and unpredictable.  It`s winter and it`s been cold, and now it is warmer.  Gas companies are producing at record levels also contributing to lower prices.   So how do gas companies, investors & lease holders grow & survive now?  Should everyone just lower their expectations?

Permalink Reply by Ralph cramdon on January 31, 2024 at 3:26am

Nobody makes money with gas at $2 , maybe CNX with their hedges ... Sooner or later , Gas producers become very investable once again ... Rig counts are dropping . Storage levels still too high .. Markets are watching to see if gas breaks down below $2 .... If the rest of winter is mild , below $2 is a strong possibility . 

Permalink Reply by paleface on January 31, 2024 at 3:28am

Ralph the after hours activity with SWN ON 1-30-24 was crazy.

Permalink Reply by Ralph cramdon on January 31, 2024 at 4:41am

Paleface , I did notice that SWN got a downgrade this morning , maybe it was leaked ...

Permalink Reply by Ralph cramdon on January 31, 2024 at 4:42am

NGL prices have been firming ... Two SW PA producers are significant NGL producers 

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