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Explorers' Self-Deflating Gas Cushion
With producers still collectively pursuing growth, the chances of a rebound in gas prices next year looks more remote than ever. Yet the S&P Supercomposite oil and gas E&P index—weighted 69% to gas production—commands a forward price/earnings multiple of 22 times. Such confidence is the very thing causing the industry to drill its way into trouble.
Submitted by
etfguy
11/17/2009
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etfguy
11/17/2009
etfguy is playing it
FCG
Short
0.18%
UNG
Short
3.01%
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