why no sp movement, page-69

Hi Agentm Thanks for posting this.

With US summer demand just around the corner, the fall in investment and supply should play well for a startup producer like GDN, who has no capex to kickoff production.

This comment from ajmpetroleum consultants is helpful in putting the low gas price into context:

"The challenge over the next few years will likely come from rapid swings in price, anticipated as the declining investment in oil and gas become apparent in the latter half of 2009 and into 2010, FEEDING A FEAR OF SHORTAGES.
(my caps)

In the US the switch from coal to natural gas is emerging as a trend, adding another 0.7 to 1.0 Bcf/d of new market demand and adding stress to the demand side of the supply equation.

Cheers