The Oil Drum | Natural Gas and Credit Situation - Nate Hagens Interview on Global Public Media

50 comments on Natural Gas and Credit Situation - Nate Hagens Interview on Global Public Media

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Dryki on January 7, 2009 - 12:18pm

since the late 1990s. In the 1970s and 1980s companies would go out and do their best on their leases, properties, reserves, etc.

Which is what ROCKMAN is suggesting his company returns to:

Though we have a good credit line the plan is to drill from cash flow only.

Ultimately, that leads to public companies going private, doesn't it? It implies a change of scale and a change of management prioritites and practices that doesn't fit the current 'stock market'. Patient capital. The institutional investors are going to have to start looking at performance of companies, not the performance of stocks.

It fits into what I've been thinking about "pay it forward". A move to cash flow and savings to finance investment. We alive now pay for investments, not generations to come. I wonder if eliminating long term credit and debt might not be an important part of getting to sustainability.

cfm in Gray, ME

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ROCKMAN on January 7, 2009 - 1:41pm

I hadn't thought much about privatization of certain companies Dryki. But it's an interesting thought. It would likely never be cheaper to do so during the next year. If one used PO as a motive to be so bullish it might sell. Supposedly there is a gazillion $'s out there looking for a relatively safe home that can earn them more then the tarnished Treasuries.

It's been written many times that the ultimate big winners are those who take the gamble to buy big during the low side of a cycle. All it would take is a barrel of guts and a few hundred billion $'s.

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50 comments on Natural Gas and Credit Situation - Nate Hagens Interview on Global Public Media

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