Will Delta Petroleum and Kodiak Benefit as Nuclear Falls Out of Favor?
March 18 2011 - 6:35AM
Marketwired
Natural Gas prices have been on the upswing this week as Japan's
nuclear disaster has soured public sentiment on nuclear energy.
Already, China has announced plans to freeze approvals for new
nuclear plants, while Germany and Switzerland suspended their
nuclear plans. Meanwhile, speculation has grown that the US will
take a new direction with its nuclear energy policy. Analysts argue
that natural gas would be a direct beneficiary of a possible shift
in a global energy strategy. The Bedford Report examines investing
opportunities in natural gas and provides research reports on Delta
Petroleum Corporation (NASDAQ: DPTR) and Kodiak Oil & Gas
Corporation (NYSE Amex: KOG). Access to the full company reports
can be found at:
www.bedfordreport.com/2011-03-DPTR
www.bedfordreport.com/2011-03-KOG
Nuclear power provided about twenty percent of Japan's
electricity, and the expectations are that cargoes of Liquefied
Natural Gas from Europe will re-route to meet additional demands
from Japan as it starts recovering from the devastating
earthquake.
Analysts at Deutsche Bank predict 5 billion to 12 billion cubic
meters a year of liquefied natural gas supplies could now be
diverted into Japan, driving spot prices higher.
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Despite the country's oversupply, the US currently lacks the
technology to easily liquefy large amounts of natural gas to sell
abroad. More liquefied natural gas export facilities could be
developed going forward. Currently, a subsidiary of Cheniere Energy
is working on a deal to supply liquefied natural gas to one of
China's largest independently owned natural gas companies.
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