Natural Gas Industry-related data:
§ $6 & $7.50/MMBtu: consensus estimate long-term natural-gas price range
§ $5.33/MMBtu: 12/15/2009 price
§ $14/MMBtu: record high reached in Summer 2008
§ 5.27%: Natural Gas YTD return (FCG ETF proxy)
§ $2.50: September 2009: 7 year low
§ 3.773 trillion cubic feet: U.S. storage facilities supply (near record)
§ XTO's decision to sell to Exxon: implies that independent producers don't foresee a strong rebound in gas prices
§ 34%: Oil’s share of global energy mix in 2007
§ 0.9%/year: oil annual long-term growth
§ 21%: Natural gas’ share of global energy mix in 2007
§ 1.5%/year: natural gas’ annual long-term growth
§ 45 Trillion cubic feet: about two years of domestic gas demand
§ $81 Billion: 1999 Exxon and Mobil merger
§ 50%: natural gas emits half as much CO2 as coal
§ $1 Trillion: industry investment to develop domestic shale fields
§ Potential takeover targets: Chesapeake Energy, Devon Energy, EnCana, EOG Resources, Range Resources
§ 2.33 Billion cubic feet a day: XTO daily natural gas production output putting it just behind Chesapeake as the top domestic producer.
§ In 2000, price increased from $2.50 to $10 by the end of the year; eight months later, the price slipped to $3.
§ In 2005, prices increased to more than $15 after hurricanes Katrina and Rita and then decreased to below $7 just two months later.
§ In 2008, prices increased to more than $13 but then decreased to $3 this past September and closed Tuesday at $5.523.
§ 46%: % of all power plant capacity additions from 2008 to 2035, according to the The U.S. Energy Information Administration
§ Unconventional Resources: a broad category of fuels (e.g., shale gas, tar sands, etc…) that require complex extraction technology.
The Bottom Line: Investing In Natural Gas (FCG) Might be a Good Long Term Investment
Source(s): WSJ, NYT, International Energy Agency, Google finance