- Get sucked into this “crazy” mentality which works for every industry but oil and gas.
- Own assets near the largest “users” of natural gas in the US.
Own assets near the largest users of natural gas in states whose leaders seek to financially immolate its least well-off citizens by suing to prevent pipeline takeaway and thus producing a state of affairs where their takeaway price trades at a 50% discount to the market everywhere else. And said leaders pay…20x..to bring in foreign at-market gas.- It doesn’t matter what management does if the price of a commodity goes against you. Hedging or not.
We still own it.
Additionally, you have to admire a CEO who isn’t afraid to speak out and defend the presently legal business practices that employ thousands.
Although, it is a pretty low hurdle when your target is a San Francisco-based business owner.
