With Biden planning on releasing 1 million b/day of oil from the strategic reserves I think that natural gas producing companies will do very well. With the US government supplementing the market with a ton of oil for 6 months, but not doing the same with natural gas the total supply of natural gas will decrease. When companies drill for oil they bring up NGL's, natural gas, oil. With the increase in supply of oil less will need to be produced for the next six months so the production of natural gas will decrease as a result.
Let me know your thoughts.
I currently own 1500 @ $8.45USD PEYTO. They produce ~90% natural gas.
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