Tuesday, June 19, 2012

Wilbur Ross on Natural Gas, the Coming U.S. Recession, Dodd-Frank...

Mr. Ross has been buying Exco Resources,  (in the $17-20 range, currently $6.98) gasoline tankers and other ships.

From Reuters:

HT: History Squared who notes:
    • Bullish, notes that gas is trading below the marginal cost of production for even shale.
    • Decline curves in shale gas, the rate at which they fall off from initial production, are very steep
    • Ross says it could do wonders for the US trade balance.