cheapbag214s
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sneakers' Comments,[link widoczny dla zalogowanych]
Frankly, the articule make no sense with Aubrey still serving as CEO. In my view, there will continue to be a lot of controversy around this stock and it won't be resolved until all the shoes have dropped and the company comes clean about everything that has been going on relating to conflicts between the company and its CEO. Also,[link widoczny dla zalogowanych], the issue of selling major assets into this difficult natural gas market will likely remain an overhang.
May 2 11:14 AMThat is true. If gas goes higher in the next three year it will prove that Cheniere Energy (LNG) has the worst timing of any company out there. This company built a huge LNG import terminal 10+ years ago because it looked like the US was going to run out of natural gas. However,[link widoczny dla zalogowanych], the new horizontal shale drilling has discovered 100+ years of natural gas. Now the price is extraordinarily low so Cheniere obtained a permit to turn its LNG import facilities into an LNG export facility. The problem is that it will take three years and billions of dollars to make that switch. They better hope NG prices in the US stay significantly lower that the rest of the developed world or that new facility could go unused just like their inport facility did.
Apr 26 04:48 PMAccording to the EIA data through April,[link widoczny dla zalogowanych], the industry is still producing more natural gas than it did at the same time in 2011, despite the reduction of 200 natural gas focused rigs. However,[link widoczny dla zalogowanych], as stated above dry gas is a by-product produced in those wells and will continues to be added to the pipelines regardless of how low the nat gas price goes. Another thing to consider is that when a natural gas producer decides to set down some rigs and cancel or postpone drilling some gas wells,[link widoczny dla zalogowanych], it generally selects its worst, least productive well locations to defer,[link widoczny dla zalogowanych], not its best locations. Where a well might have taken 40 days to drill when the basin was newer, the operator can often knock a significant amount of time off of the drilling process as it gets more experienced in that location and may get the total drilling time below 30 days. At which point gas producers will be almost giving the gas away as there will be no place to store it. I do not expect get a "reset" in the natural gas storage situation until whichever of the following comes first: (1) we have a much colder than normal winter,[link widoczny dla zalogowanych], or (2) 2015 or 2016 arrives and we finally see the impact of new gas powered generation facilities coming on line as well as new chemical plants,[link widoczny dla zalogowanych], petro-chemical plants,[link widoczny dla zalogowanych], LNG export facilities, and other large users of natural gas.
Apr 5 12:58 PMA devil company indeed. A company that causes cancer in our family, friends and neighbors by adding chemicals to everything we eat ("Round-up Ready Crops" - that's just wonderful), not to mention being a huge contributor to the obesity and diabetes epidemic in America? A company that fight to its last breath to oppose labeling food products so we all know what we are eating. Don't Americans deserve to know what we are eating so that people can make their own choices about what to ingest? To decide themselves whether they want to ingest food comprised of GMOs? This is a company that stacks the FDA with former employees and allies so that it no longer looks out for the health of Americans but rather it is more concerned with the profits of MON and other huge agri-businesses. I don't care if it is a ten-bagger. Too much deceit. At least cigarette companies label their products.
Apr 4 06:25 PMI think Natural gas prices will likely continue to fall until there is substantial evidence of a seriously large decrease in production,[link widoczny dla zalogowanych], for a few reasons:1. You cannot just flare gas as your note suggests. That is against the environmental laws other than in emergency situations.2. Producers that contract to put their gas into storage have a finite period of time that it can keep it there after which it must remove that gas from storage of face penalties. In normal situations, they can get an extension of time for little cost. Not so when the storage is close to full. The storage facilities want that gas moved out to make room for new gas and gas being removed has to compete with new gas being drilled (gas on gas competition). This is why on rare occasions in the past the gas price has gone negative. If it is cheaper to pay someone to take the gas than it is to pay the penalty to the storage facility,[link widoczny dla zalogowanych], that is a rational choice.3. The industry has already laid down about 1/3 of its gas rigs to date,[link widoczny dla zalogowanych], but we have still not seen a decrease in production. That is partially because the least economic wells with the least efficient equipment are laid down first. The remaining wells tend to be the highest producing wells.4. With improved equipment and experience in the fields,[link widoczny dla zalogowanych], more wells can be drilled faster by the same amount of equipment. So laying down 1/3 of rigs does not mean 1/3 fewer wells get drilled.5. The rigs that are no longer drilling primarily for gas have been moved to drill primarily for oil. Oil wells generally produce some amount of "associated gas" as well. This gas cannot be flared and most be gathered and put into the pipelines. I expect VERY low natural gas prices to encourage more companies to lay down rigs as we go through the summer and approach the end of shoulder season. We likely won't fill storage,[link widoczny dla zalogowanych], but we need very low prices to make sure that doesn't happen.相关的主题文章:
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