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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Ed Ajootian who wrote (181727)12/15/2013 5:50:46 PM
From: Bearcatbob  Read Replies (1) of 206330
 
Excellent point Ed.

Let me offer you this. I have a friend here who runs a small oil and gas company - mostly gas. When he can generate an acceptable return he will be drilling for gas here in NE Ohio/Eastern Pa. If he can get returns for his investors - he will drill for gas as that is what is readily available here. How many others are like him?

FWIW he is negative on the price of NG as he believes any price increase will bring a flood of gas to the market place.

Bob
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