Re: LNG exports
I emailed the company on Niobrara the day of the cc. They claimed that lab results are slow in coming due to a backlog at Core Labs. They also reiterated that they are in no hurry to release information from a competitive standpoint. I guess this is one way of holding out hope for shareholders. I just hope this is not another PDA Deep Well fiasco.
In any case I think the market is overly concerned about the second quarter numbers. The rig count continues to plummet to dangerous levels and storage inflows are running at 50% of the five year average. The wildcard of course remains the hurricane season and winter weather, but it could be that the deck chairs are stacked for a train wreck as persistent pricing below 5 bucks is going to lead to a shortage at some point.