Japan spent US$75.4 billion on LNG last year, paying an average price of US$16.60 per million BTU—while gas prices in the United States averaged just US$2.75. No Japanese politician, economist, or grocer thinks that makes sense. So Asia is trying to lower prices for Liquefied Natural Gas (LNG) as...
Many of the leading Canadian natgas/condensate producers have exciting (bullish) short term stock charts—just at a time when one fundamental natgas chart looks ominously bearish. The Big Play for natgas in Canada is the liquids-rich Montney formation on the BC-Alberta border.
It is the Eagle Ford of Canada, with very...
By Bill PowersOne of the little spoken truths of the shale gas industry over the past three years has been that most of America’s gas fields are now experiencing production declines with one large exception: the Marcellus Shale in Pennsylvania.And that narrow reliance on one play gets even more...
Texas-based Range Resources (RRC:NYSE) recently challenged a drilling ordinance in a small Pennsylvania town in an attempt to get better access to the Marcellus shale.
Energy market analytics company BENTEK Energy said that the Environmental Protection Agency's Cross-State Air Pollution Rule would likely benefit the natural gas industry at the expense of the coal industry.
By Bill Powers
Natural gas production in Texas in Q1 2015 declined 1.5 billion cubic feet per day (bcf/d), results from the Texas Railroad Commission (RRC) show. That’s a 5.5% decline on the 22 bcf/d Texas produces—a full one third of all natural gas production in the USA.
Conservatively, I expect...
I had a subscriber make my day yesterday…make my year in fact.
He called me to say he was finally covering his bearish natgas trade from March and April—and made $122,614.40 in profits. He put almost $290,000 into that trade, making it a 42.45% return in just four months. The...
Today I purchased 500 shares of Petrobank (PBG-TSX) at $24.10. Please see my report on Petrobank under the Sample section of the website.
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Peter Tertzakian is a well respected oil and gas analyst in Calgary. He has authored a couple books on oil and energy, and is chief energy economist...