The price of West Texas Intermediate (WTI) crude oil is set to plummet to $75 per barrel as increased use of shale oil in the U.S. blots out demand for the energy source, one expert told CNBC.
Thanks. Have to be careful about these whether or not you think they can remain afloat if ng stays at or around $2. Warmer than expected temps so far no significant draws yet. Storage overflowing.
UPL….has nice properties worth a gamble if you think ng will recover some in 2016. Not sure they can survive after 2016.
If you held a gun to my pretty head and forced me to buy a ng stock right now other than a major or something like an EOG which we know will do okay…..I would have to pick SWN. If you are looking for more risk ……and a company with huge assets and enough revolvers to survive including add debt I would pick CHK. CHK is also a takeover candidate plus the huge short position in there might unravel some day.
Just guessing I am staying away from ng companies at this time.
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