Lots of fabrications everywhere!
Lots of false stories floating around about natgas companies and the price of natgas. EIA announce the natgas storage would hit a record in October or November 2016. The means natgas might drop to $1/mmBtu. Jesus H. Christ, they cannot predict natgas even a week into the future and they know it, but they come out with this bullshit 6-month prediction.
The oil and gas business is the biggest scam going!
Natgas cost producers more than $3/mmBtu delivered to Henry Hub. Producers have only been selling it at a loss just to keep up with interest payments so that banks don't foreclose. Every gas producers is praying for a miracle. SWN is the only one cutting expense to the bare bone just to hang on until another 40 to 50 producers go BK! Producers cannot lose $1.50/mmBtu and stay in business more than 30 more days. Bankruptcies will skyrocket and the natgas business will collapse unless natgas gets to at least $4/mmBtu in less than 60 days! Natgas will likely see $6/mmBtu by January 2016! Otherwise, the industry is toast.
The reason it will hit $6 is because no one has any money or bank credit to drill now and drillers will not take their IOUs.
Most of the DUCs are worthless. They were cheap holes drilled into the ground just to increase the loan value of the company wanting to borrow more money. More than 50% will never produce a cubic meter of gas. Besides, most DUCs over 2 years old are not worth the cost of fracking. The banks were conned by some really smart con artists in hope that EVERYTHING would turn out rosey. But the warm winter killed them and now the truth will finally coming out. The scandal will be huge.
Southwest is one of only a few companies playing it square.
I've never seen so much bullshit is 30 years of playing the stock market.
What the manipulators really want to do is crash the oil and gas market so that the big boys can get in cheap and then they will quietly let the lies die on the vine and we will enter the biggest drilling boom we've ever seen. The downturn simply lasted far too long due to the ignorant Saudis.
SWN may dive a little but this stock will be a winner and hit near $30 in January 2017.
