Ann: SM58 G4 Initial Production Rates & SM58 G6 Status, page-12

You said
>There is an over supply of gas in North America that is forecast to disappear as the unconventional fields peak and go into decline .
The expectations then are that US and Canadian gas will get a lot closer to prices in other parts of the world .

I am expecting the "cheaper" unconventional fields to peak in oil terms. But then the US will start to drill the "more expensive" unconventional fields in search of oil and still produces waste gas as a by-product to dump onto the market. This will therefore suppress gas prices in the future. As I understand it the US has sooooo much gas at the moment they flare it and it can be seen from LEO satellites.

Summary: I am not expecting gas prices to equalize with the rest of the world anytime soon. Well not unless they build a really big pipe over the Atlantic to Europe.

Jophda - Please advise why this view is wrong. My understanding is that while a depleted oil field will still have 40% of the original oil left in the ground, which will stay in the ground, forever. Natural Gas, which is, well a gas, will keep on coming up. I do not have a F-clue what I am talking about. So I am very happy to be put straight. Especially since I have a few OEL shares .... which owns a gas field.

All Disclaimers. Don't trust badgers, they are notoriously fickle - even when sober, which is usually 9am on a Monday.
Wine bottle - check, Glass - check, Friday ...... Well I am sure it's Friday somewhere. All the best people.