Guinness predicts rebound in gas prices after 50% drop
Tim Guinness, chairman and CIO of Guinness Asset Management, said natural gas is an excellent buying opportunity after a dramatic fall in value caused by the US' recent move into shale gas.
The shale gas revolution has seen the average price drop over 50% from around $8 per mcf (thousand cubic feet) during the middle of the noughties, to just $3.50. But Guinness (pictured) said the price...
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