No. of Recommendations: 2

You mention one way that NG producers are staying in business - i.e. hedging. I would think a lot of the smaller NG producers from shale gas must be in severe financial problems. I mean how can they hold out when they are losing something like a $1/unit or even more? I realize they have to spend a certain amount every year to keep their claims, but how are they surviving? I would think the majors would be buying them up but, if they are, it is not big enough news so that I see it. Do you have any insights?

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