The fact is that US crude production is down heavily due to the oil price collapse damaging the economics of marginal producers that are mostly shale. This in turn reduces gas production from shale which should result in gas prices increasing to long term averages atleast. Gas demand will increase over winter due to heating demand as per the usual cycle. The LNG facilities will probably be up and running with in the next few months as Asian demand stabilises.
Oil and gas are almost natural hedges to either price fluctuation. The thing about BYE I like the most is that they hedged oil prices in this time of uncertainty.
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