Total Softening North American Gas Production

With natural gas prices remaining stubbornly low due to continued high supply and a warmer than expected winter, Total (NYSE: TOT  ) 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 (NYSE: CHK  ) , 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.

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