Optimism for the dry gas sector is bubbling up like methane in a Pennsylvania spring.
Some good oil and gas companies will fall by the wayside, which is a disappointing thing, terrible for employees and investors. But for those who remain, new efficiencies and better responses will propel them to greater heights. In this way, the one good side effect of this awful downturn—disciplined focus—will last.
Nymex paper-trading of WTI crude futures normally represents the spot price. On April 20, the paper was worth less than zero.