07-08-2014, 06:32 PM
When the remaining IOC E/A NG beame LT FutureCashFlow and the upfront cash was only 32 cents/mcf for 41% of 7.1 Ts the PPS HAD to tank! MH could have tried to be Lady Gaga and the PPS would have tanked.
Much of the NG is still tied to LNG sales though and that is where the money will be. It may be wort 45 cents today but it should be worth more than a buck in less than a year (based on CGA quantities).