Unfortunately, with all of the uncertainty in the market these days, it is anyones guess as to where the price of natural gas will go. The only saving grace is that winter is coming and typically the gas price moves upward until at least April. QEC is still profitable at these prices, mind you not as much as they used to be. One fear is that if production continues at the rates that we have seen, that inventories will be supersaturated, keeping the price lower. I heard one analyst this morning looking towards 2011 for the correction in inventories and prices. Yesterday, the NG inventories were released for the week which stated:

"Working gas in storage was 3,488 Bcf as of Friday, November 14, 2008, according to EIA estimates. This represents a net increase of 16 Bcf from the previous week. Stocks were 51 Bcf less than last year at this time and 140 Bcf above the 5-year average of 3,348 Bcf."