Wilbur Ross, chairman of WB Ross and Company, was on CNBC Fast Money to discuss the trends in the natural gas market and what to expect going forward. He also discussed state of Europe and opportunities for investment in Ireland.
He said, "Cutbacks in productions, growth in demand due to substitution of natural gas for coal will drive the natural gas prices to double or even triple of today's prices."
He also commented on Chesapeake Energy (CHK, Financial) and said they do have some very attractive assets but their main problem is the right-hand side of the balance sheet and corporate governance.
Here is the video:
He said, "Cutbacks in productions, growth in demand due to substitution of natural gas for coal will drive the natural gas prices to double or even triple of today's prices."
He also commented on Chesapeake Energy (CHK, Financial) and said they do have some very attractive assets but their main problem is the right-hand side of the balance sheet and corporate governance.
Here is the video:
