With natural gas prices remaining stubbornly low due to continued high supply and a warmer than expected winter, Total (TTE 1.10%) announced that it would be putting the brakes on its North American natural gas production. The natural gas deals the company made were planned for $6 gas, and the economics don't make sense at its current prices. Because of Total's joint ventures in natural gas with Chesapeake Energy (CHKA.Q), Chesapeake took a hit yesterday. In this video, Motley Fool energy analyst Joel South tells us what trends he expects from natural gas prices in 2013, and where that leaves Chesapeake.
Free Article
You're reading a free article with opinions that may differ from The Motley Fool's Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
Premium Investing Services
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.