M-U Drillers Financially Healthy – Biden Agenda Threatens to Undo

Natural gas drillers, particularly in the Marcellus/Utica, are finally financially healthy. Some are healthy for the first time ever, some for the first time in years, since the severe 2018 and 2019 downturn when natgas prices collapsed. Things are going well in the M-U with most companies focused on fiscal discipline and producing free cash flow. However, there's a big, black cloud on the horizon--the Joe Biden administration. A number of people in the administration have signaled their disdain, even outright hatred for natural gas, because it's a "fossil fuel." The Biden administration aims to cripple the use of natural gas nationwide.

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