gdn valuation #2, page-14

interesting .....

www.financialsense.com/editorials/powers/2010/0421.html


With Canadas National Energy Board sounding the alarm that the countrys natural gas deliverability is headed for a major decline, it will not be long before Wall Street analysts catch on to what I believe is one of the largest factors impacting overall North American deliverability. It is difficult to overstate how important Canadian production and exports are to the North American natural gas supply/demand balance. Consider the following. Declines in Canadian natural gas imports to the US over the next two years will be nearly equal to halting production from Americas biggest field, the Barnett Shale. I expect that the drop in Canadian imports will push natural gas prices into the double-digits by mid-2011 if not sooner.