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Crude Collapse / Stock Washout / Deflation / Real Estate Fallout

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    #49
    Originally posted by errolanderson View Post
    A side-bar of markets . . . but natural gas prices are again in-collapse. Feb nat gas has plunged from a recent high of $4.80 per gigajoule to $2.90 per gig, a 40% collapse.

    Suffield spot (AECO) in southern Alberta broke from a recent high near $2.80 per gig to below $1.50, a near 50% washout. Not good news for Medicine Hat housing market.
    Entire fields are being shut in here. Compressor's, and everything are being chopped for salvage.

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      #50
      Sumdumguy

      I was ready a sask energy bill a couple months ago and it said gas prices being reduced to reflect prices. Then they raise the transportation costs to make the bill the same. They r just preparing for the future. Seems to me saskpower bill is getting more and more every couple months. Utilities alone take quite a chunk every month.

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