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"There will be no prolonged drop of natural gas to $1.00 or whatever goofy number people choose to invent. No commodity sits that far below minimum production cost for long. We are already below production cost for 85% of the producers out there.

It will be the same as ever. Companies will go out of business, drilling will stop, exploration will stop, and demand will rise. In the end balance will be restored.

But gas will have a "new normal". There will be too much capacity for years to come, always too much potential supply, readily available. $2.75 - $4 gas is the new normal.

Until there is national structural change, and a move to take advanatage of it. It could play a big part in a self reliant US. That will appeal to many. The US, the biggest drag in trade imbalance is oil. Won't ever be corrected, unless replaced....

UPL can outlast them all, being the lowest or second lowest cost producers. But they will be bought. Who in their right mind wouldn't want them?

I snapped this up pretty quick at these prices. I remember when it was $50, kicking myself for not nabbing it at $36 during the worst ot 08/09.

Their hedging for 2013 and beyond will drag on the stock unless/until prices rise. "
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