Interesting... If CHK knew they could get $7.30 or $5.78 (dec and nov 06 as examples) on their natural gas, why would they shut it in? I propose they see much further downside on ALL unhedged production many months out if they don't. Is this a bearish or bullish signal for the nat gas market? Immediate impulse says bearish, but a little more thought makes it a difficult question to answer. If the majors are willing to sacrifice some current sales for the benefit of long term price support, this is a good thing for the bullish view. This seems pre-emptive, but perhaps those in the know may not see it that way.