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Timothy Smith

07/11/12 4:35 PM

#624 RE: Portguyofva #621

Thanks for the feedback, all valid points in my opinion.

I can't stress the level of confidence I have in natural gas from our current position. I think watching for expanding LNG infrastructure and government support will be a key indicator of NG prices gaining to respectable levels.

However the challenge for prominently NG balance sheets is the ability to unlock those reserves while keeping your margins strong enough to avoid additional financing.

Long and strong here.