Saturday, December 05, 2015 4:23:20 PM
Nat gas inventories went down for the 1st time in 35 weeks, down 53BCF.
But the natty prices are still low....
http://www.nasdaq.com/markets/natural-gas.aspx?timeframe=10y
They keep on cutting rigs out there trying to raise prices.
U.S. Natural Gas Drilling Rig Statistics:
Current natural gas drilling rigs: 189
Change from last week:
-4
Active rig count one year ago:
344
Change from last year:
-155
Rig Peak (hit on 9/12/08): 1,606
Percentage decline from peak: -88%
But they are in a hole.
If they raise prices, we are much cheaper,
If they lower prices they lose money.
As being a tech company, our prices keep on lowering.
But they need to raise prices.
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