The fact is that by 2017 when they expect delivery of the gas, the price of transporting the gas, plus the Henry Hub price which could be at least double what it is now, considering the DOE recommendation to allow more export of Shale gas and the likely premise that the US dollar will strengthen from its current weak position, will mean that they maybe worse off than contracting at present rates.
However, it does point to Shale gas companies in the US being a good investment.
WCL Price at posting:
42.0¢ Sentiment: None Disclosure: Not Held
