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Re: Chiinkwia1 post# 51693

Saturday, 12/05/2015 4:23:20 PM

Saturday, December 05, 2015 4:23:20 PM

Post# of 63559

And so the glut will continue and grow, and gas prices will go down.


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.