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European and US Natural Gas Prices Rise On Supply Shortage Fears

FN Media Group Presents Microsmallcap.com Market Commentary

 

New York, NY – December 29, 2021 – Russia’s inactive Nord Stream 2 pipeline and cold weather forecasts through the end of December caused a rally in European natural gas futures and sent US natural gas futures up 4% on Monday. The 11% jump in European gas prices should keep US liquefied natural gas (LNG) exports near record highs. Recent months have seen global gas prices hit record highs as utilities across the globe scrambled for LNG cargoes from the US and elsewhere to replenish low stockpiles in Europe and meet surging demand in Asia, where energy shortfalls have caused power blackouts in China. With gas prices around $35 per mmBtu in Asia and $38 in Europe, compared with about $4 in the US, buyers around the world will likely continue purchasing all the LNG the US can produce. Amidst this storm of rising natural gas prices, soaring demand, and tight supply, natural gas companies such as NG Energy International Corp. (TSXV:GASX) (OTCQX:GASXF), Camber Energy (NYSE:CEI), Callon Petroleum Company (NYSE:CPE), Ecopetrol (NYSE:EC), and Baytex Energy Corp. (TSX:BTE) could be looking at massive gains for shareholders as they leverage increased cash flows.

 

NG Energy International Corp. (TSXV:GASX) (OTCQX:GASXF) continues to make critical headway on its path to production at its Maria Conchita project in Colombia.. The Company just announced completion of the production facilities and 14 KM pipeline connecting Maria Conchita to the national pipeline infrastructure. Once testing of the facilities are complete and a production license is granted, the Company will be able to bring the Aruchara-1 well online. In September of this year, NG Energy also announced the National Authority of Environmental Licenses approved the development of 22 wells at the company’s SINU-9 project. SINU-9 is a large 311,353 acre block adjacent to Canacol Energy (TSX:CNE), Colombia’s largest independent natural gas producer, which produced 183 MMSCFPD in 2021 right next door.

 

In order to expedite milestones, NG Energy closed a non-brokered private placement in October for gross proceeds of C$8 million to help accelerate the Company’s fully funded 4 well drilling program at SINU-9. The money raised will allow the Company to build the necessary roads and drilling pads concurrently instead of consecutively, saving several weeks per well. It will also allow NG Energy to install a dewatering capillary system at the Istanbul-1 well at Maria Conchita which should allow the well to be completed and put into production.

 

NG Energy’s focus on natural gas puts the company in a strategic position to gain from the global energy transition towards renewable energy, while tapping into Colombia’s premium-priced gas market. For more information on NG International Corp. (TSXV:GASX) (OTCQX:GASXF), click here.

 

Natural Gas Companies Prioritize Shareholder Value

 

Camber Energy (NYSEAmerican:CEI), a provider of custom energy solutions to commercial and industrial organizations, secured an exclusive IP license for a patented carbon capture system. This UP acquisition will position the company as a leader in helping other companies meet their power generation needs while reducing their carbon footprints in compliance with regulatory requirements. Through the IP agreement, Camber Energy will have access to ESG Clean Energy LLC’s patent rights and knowledge in stationary electric power generation and the use of heat in capturing carbon dioxide.

 

Callon Petroleum Company (NYSE:CPE) is accelerating its value to shareholders with the acquisition of Primexx Energy Partners. The company announced an agreement to acquire the leasehold interests and gas, oil, and infrastructure assets of Primexx, a private oil and gas company in the Delaware Basin. Through the agreement, Callon Petroleum will be positioned to deliver long-term value to shareholders while strengthening its financial position. This acquisition also supports the company’s development projects within the Delaware basin with Primexx’s infrastructure bringing an additional 300 identified core net locations.

 

Ecopetrol (NYSE:EC) reported a 10.2% increase in its natural gas production in the first half of 2021 and a net income of COP 9.4 trillion, making it the best quarter yet for Ecopetrol Group. The company also strengthened its position in the Asian market with the incorporation of a company in Singapore. On the exploration front, the company completed drilling 8 wells in the first half of 2021 with cumulative production of 908,535 for the exploratory assets.

 

In an update to its Clearwater appraisal program, Baytex Energy Corp. (TSX:BTE) announced that the program exceeded the company’s expectations with the high production results. The program increased its production from zero in January 2021 to more than 2,300 bbl/d in August. The company also expanded its partnership with the Peavine Metis Settlement increasing its positions to 80 contiguous sections. The company also has plans to drill an additional two clear water wells later this year and expand 12-18 wells in 2022.

 

Natural gas companies such as NG Energy International Corp. (TSXV:GASX) (OTCQX:GASXF) are positioned to bring in more value to shareholders as the global energy crisis spreads amidst rising demand for winter.

 

For more information on NG Energy International Corp. (TSXV:GASX) (OTCQX:GASXF), click here.

 

DISCLAIMER: Microsmallcap.com (MSC) is the source of the Article and content set forth above.  References to any issuer other than the profiled issuer are intended solely to identify industry participants and do not constitute an endorsement of any issuer and do not constitute a comparison to the profiled issuer. FN Media Group (FNM) is a third-party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated with MSC or any company mentioned herein. The commentary, views and opinions expressed in this release by MSC are solely those of MSC and are not shared by and do not reflect in any manner the views or opinions of FNM. Readers of this Article and content agree that they cannot and will not seek to hold liable MSC and FNM for any investment decisions by their readers or subscribers. MSC and FNM and their respective affiliated companies are a news dissemination and financial marketing solutions provider and are NOT registered broker-dealers/analysts/investment advisers, hold no investment licenses and may NOT sell, offer to sell or offer to buy any security.

 

The Article and content related to the profiled company represent the personal and subjective views of the Author (MSC), and are subject to change at any time without notice. The information provided in the Article and the content has been obtained from sources which the Author believes to be reliable. However, the Author (MSC) has not independently verified or otherwise investigated all such information. None of the Author, MSC, FNM, or any of their respective affiliates, guarantee the accuracy or completeness of any such information. This Article and content are not, and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action; readers are strongly urged to speak with their own investment advisor and review all of the profiled issuer’s filings made with the Securities and Exchange Commission before making any investment decisions and should understand the risks associated with an investment in the profiled issuer’s securities, including, but not limited to, the complete loss of your investment. FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty five hundred dollars by MSC, a non-affiliated third party to distribute this release on behalf of NG Energy International Corp.

 

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MSC and FNM undertake no obligation to update such statements.

 

Media Contact:
FN Media Group, LLC
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Source: Microsmallcap.com

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