Hoodlum great post and thanks for the numbers. I have only studied SD in detail, but its similar there for many of the oil and gulf plays. Gas is produced as a by-product, and no one cares about the gas price. This is especially true with oil prices going up.
I think gas will continued to be mindlessly drilled due to this. We have oil focused plays, wet gas, deep water gulf, all producing cheap gas. Then we have the mainly gas plays which need to be drilled to hold the leases.
Are any of you looking at the oilfield service companies? It seems they are in the catbird seat. (I tend to believe they capture more value over a cycle vs. the E&P's, have simpler business models, and lack the hype-pushing, perennial capital-raising CEO's in the E&P space).
A Natural Gas Disconnect
in General Discussion
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Are any of you looking at the oilfield service companies? It seems they are in the catbird seat. (I tend to believe they capture more value over a cycle vs. the E&P's, have simpler business models, and lack the hype-pushing, perennial capital-raising CEO's in the E&P space).