Several on the forum have commented on this commodity issue.
https://www.zerohedge.com/markets/texas-nat-gas-prices-turn-negative-drillers-chase-oil-sales
Nat gas turns negative price in Texas
Re: Nat gas turns negative price in Texas
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Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Nat gas turns negative price in Texas
Free NG, only condition is you get cash but must carry.
Can you imagine the business opportunity if you could make a truck that could convert the free NG to LNG and transport it away to Calif?
PS: I can't wait for CRK earnings call. I'm clearing my calendar.
I'm sure they will tell us don't worry about a HALF A BILLION NEGATIVE FCF, better days are coming in future IF we get HOT SUMMER and a COLD WINTER and PRODUCERS CUT DRILLING and BIDEN APPROVES PIPES and EXPORT FACILITIES all coupled with another LUNER ECLIPSE> if all that happens NG goes to 2.50 and they only lose 100 m
Can you imagine the business opportunity if you could make a truck that could convert the free NG to LNG and transport it away to Calif?
PS: I can't wait for CRK earnings call. I'm clearing my calendar.
I'm sure they will tell us don't worry about a HALF A BILLION NEGATIVE FCF, better days are coming in future IF we get HOT SUMMER and a COLD WINTER and PRODUCERS CUT DRILLING and BIDEN APPROVES PIPES and EXPORT FACILITIES all coupled with another LUNER ECLIPSE> if all that happens NG goes to 2.50 and they only lose 100 m