Why short current Bet of Jim tier milkfish is very optimistic for natural gas

Jim Chanos short of ExxonMobil is indicative of the fundamental bullish ahead of natural gas, according to Frank Curzio... because Exxon needs to replace its reserves in a certain way:

And last month, he (milkfish) discussed its bearish position on ExxonMobil: "ExxonMobil be able to replace its reserves."

You see, ExxonMobil is not the only one having trouble replacing reserves. Almost each integrated oil company Royal Dutch Shell of Chevron gros-CAP is in the same boat. After all, it becomes more difficult to find large amounts of oil these days.

That is why these companies oil not spend billions of dollars on natural gas assets in some of the most prominent areas of shale through the United States

Source: DailyWealth with Natty in the tank, but forming a base strong (and just above the cost of production to boot), this could be interesting here speculation.  The potential downside is limited, and the upside could be a 2 x or 3 x enough short term, as noted by Curzio.

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