The Huge Turnaround & Bright Outlook for M-U Stock Prices
What a difference three years can make! Three years ago, Henry Hub prices were hovering around $2 per thousand cubic feet (Mcf). Stock valuations for Marcellus/Utica drillers were majorly depressed (down 80-90% from previous highs), and gas producers were struggling. Fast forward to today. Balance sheets and earnings statements are through the roof. Most experts believe $4-$5/Mcf gas is sustainable--at least for the next X years. What does the future look like for M-U drillers? What are the risks? And can we keep the current bright outlook going?
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