Basically excess supply is limited and the terrible decline in shale production will limit the continued growth in USA unconventional production. The USA will end just chasing there tail to keep the production constant.
As for Nse I can't see a future for the company as it has zero NPV production, huge on going drilling comittments and limited cash resources.
So I expect the central canning landholdings not to be renewed in May 2015 and for them to take up another play. That could be interesting.
NSE Price at posting:
3.4¢ Sentiment: None Disclosure: Not Held