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
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March 2019
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