Languish

Despite prices that continue to languish at near-record lows, Exco Resources Inc. CEO Doug Miller has an upbeat view of the natural gas market.

While natural gas prices continue to languish, it’s likely that most producers care less than they did a year ago, thanks to the migration/stampede to liquids-rich production. The shift to liquids is expected by Barclays Capital analysts to continue, with a continuing effect on producer revenues.

While natural gas prices continue to languish, it’s likely that most producers care less than they did a year ago, thanks to the migration/stampede to liquids-rich production. The shift to liquids is expected by Barclays Capital analysts to continue, with a continuing effect on producer revenues.

Spot prices continue to languish below $2.20 with some speculators predicting another dip below $2 because of the warm winter and the resulting oversupply situation in storage, but that hasn’t stopped some observers on Wall Street from predicting the sky will be falling again next winter with prices rocketing to unexpected levels and gas in short supply.