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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (183345)	4/6/2014 6:28:08 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 206148

So - if Robry is correct - do we chalk it up to government incompetence or poltical manipulation of markets? I am more and more convinced government statistics are politically motivated. But then - that is just me. Bob

To: JimisJim who wrote (183345)	4/6/2014 6:39:14 PM
From: Hannoverian	1 Recommendation Recommended By isopatch Read Replies (1) \| Respond to of 206148

it would not surprise me to see the ng sector settle back into something more like what we saw in the 1980s or 1990s JIM, If that prize wise were to happen, the rig count pursuing dry NG, would rapidly approach 0. At that $ price/MCF, dry NG plays like the Haynesville, most of the Barnett and the Fayetteville would not see a single rig, a single new well. Worse Operators concentrating on these plays and utilizing Volume production contracts in those plays would either need contract relief or have little choice but to file for bankruptcy. JMHO, but a $8MM completed well, with an EUR of 5 BCF to the 8/8's, netting 4 BCF or less plus operating expenses (LOE) has little no chance of ever being budgeted going forward. Note what you are calling for(?), a Oil:Gas price ratio of >40 & ~50:1, would be an all time high. As appoint of reference that era had a ratio of ~10:1. & the US is going to export MG to the EU, Japan & SE Asia? Post wise, I agree 100% regarding robry & your other comments(s).