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TFC Commodity Trading Forum

Re: Wx Jan 30-Feb 6th/NG production cuts #/CJ

Well, just judging from Chesapeak's own #'s, worst case scenario is a 2% drop in US production for the remainder of this year and at this point a 1% cut. This is around 5 billion CF per week, 10 billion worst case scenario. So its a nudge in the right direction for lifting NG prices but by no means the solution unless other big producers climb on board.