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Started By
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re: NG is getting pummeled with no relief in sight...how to take advantage of it?
Posted on 2/18/24 at 9:03 am to LSU0358
Posted on 2/18/24 at 9:03 am to LSU0358
quote:
No discipline at all in keeping rig count down and market balanced.
How the heck does this get downvotes? The Biden admin ruling doesn't impact the current market at all.
US energy execs lack patience. There is nothing wrong with keeping company rig count low and sitting there and making money.
2
Posted on 2/18/24 at 9:20 am to LSU0358
The discipline better than in past cycles, but yeah that mentality always creeps back in.
Posted on 2/18/24 at 9:25 am to LSU0358
Yes and no. The LNG ruling is definitely playing into NG futures. Also the flaring rules has added a ton of Permian gas to the system. While that was forecasted the amount has exceeded expectations due to a lot higher GOR in the newer Permian wells.
But they definitely have been slow to stack rigs.
But they definitely have been slow to stack rigs.
This post was edited on 2/18/24 at 9:26 am
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