price slide, page-3

Not sure that either post (first the bad news then good news) really matters in the scheme of MEO. Firstly, I live in Boston and on the way home I was listening to "NPR's On Point" and they were discussing the price of oil among other things and the price of natural gas also came up. It is true, we have had an extremely mild winter here and this has been blamed for the price slide of natural gas. However, within approximately one week or so the US will not have any space left to store the excess LNG they have produced, which suggests the price slide cannot continue any more than it already has due to inventory limits. Secondly any projects that MEO has are years off being completely finished so I suspect that this probably temporary low price due to over supply will be well in the past by the time MEO has to sell anything.