From the Port Phillip Insider (AUS) –
The natural gas price is down 86% since the 2008 peak.
Natural gas was the hot topic back in 2008, and even through most of 2010. I remember it well. As editor of the Australian Small-Cap Investigator service back then, I recommended a number of natural gas plays.
Most of them played out well. The standout performer was Bow Energy, which clocked up a 458% gain by the time I recommended selling it.
But the situation playing out in the natural gas market now shows you what happens when prices get out of whack.
The natural gas price soared in 2008. Investors and energy companies saw this as their perfect chance to make a killing in the sector.
This drew hundreds of companies into the market. They each wanted a slice of the action. Companies fell over themselves to be the next to acquire…or, at the very least, to be acquired…