The US has very low gas prices because of a glut of gas because the amount of gas associated with unconventional oil .
The prices are around half international prices and sometimes less .
They are rapidly building large LPG plants to export gas .
Canada exports gas to the USA , its gas has even lower prices than the US , only a third of the low US prices in some areas .
Canada is also building LPG export terminals and a lot of gas pipeline infrastructure .
( See latest CE1 announcement for details .)
Probably will happen over a few years and may not happen for a while yet but it seems to me inevitable that the US and much more Canada will see greatly increased gas prices into the future .
What will this do for the value of WBE's Canadian assets given the larger part of its oil equivalent production is gas ?
gltah
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