Peak Gas

Canada has long been assumed to be a treasure trove of natural resources, including Natural Gas. This assumption came under challenge this week in a report issued by the Conference Board of Canada. Economist and report author Louis Thibault noted ” conventional gas supplies are declining and producers are turning to higher cost sources including coal bed methane and deep pockets of gas in tight formations. We are getting to a point that reserves are not there anymore…”

To me, this is all the hint I need. Nat Gas stocks have been in the basement for many months now and I would say it is time to again start looking at the sector.

Watch this blog space in weeks to come for some specific recommends.