With natural gas prices remaining stubbornly low due to continued high supply and a warmer than expected winter, Total (TOT 0.52%) 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 (CHK +0.00%), 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.
Total Softening North American Gas Production
By Joel South and Taylor Muckerman – Jan 11, 2013 at 3:12PM
OTC: CHKA.Q
Chesapeake Energy
Chesapeake took a hit. What happened?
About the Author
Joel is a University of Washington graduate and covers energy and materials for The Motley Fool. Be sure to follow The Motley Fool's energy and materials Twitter for all your energy and materials coverage.
Follow @tmfenergy