Big Oil Bets On Natural Gas

Royal Dutch Shell said that by 2012 it expects more than half of its output will be natural gas - not oil. That is as if Starbucks said it expects to sell more tea than coffee. Yet this prediction is not unusual for Big Oil these days. In fact, most of the big boys are making big bets on natural gas. One of my favorite plays in the natural gas sector remains Contango Oil & Gas (AMEX:MCF). This is because it is a low-cost producer with no debt, so it can still create shareholder value in a low-price environment. Contango's all-in costs are under $2 for nat gas.
http://dailyreckoning.com/big-oil-bets-on-natural-gas/