Re: NG futures
in response to
by
posted on
Aug 20, 2009 11:12AM
(Edit this message through the "fast facts" section)
I'm sorry BCQEC, but I cant get the link you posted to funktion.
Yes Inceptus, now the NG price is at it's lowest and, This is from today:
As of August 7, the number of natural gas rotary rigs was 681, an increase of 4 from the previous week, according to Baker Hughes Incorporated data. Following several months of decline, the number of rigs has oscillated in the last several weeks, which could indicate that the rig count has stopped declining. However, natural gas rigs are currently 57 percent lower than year-ago levels, when they were near record highs.
the oil to gas ratio is at it's highest, I dont know for how long, but NG is so cheap that demand could pick up.
The norway broker with the highest target price for qec, had 32 Nkr=5.81cnd