Considering how much companies have slashed estimates of future costs, I have to assume the reason companies are trading at a very high multiple to SEC future cash flows is because it is assumed oil and gas prices will be much higher than the futures contacts are presently trading. Mike 01/...
IMO oil and gas prices are going to do the opposite of what there doing now. But due to Nat gas being a bull market with oil should be like steroids for companies mabey even enough to have free cash flow fund the re growth instead of banks. Plus the pipelines are all there (well ...