Natural Gas Prices - Art Berman's forecast

[dan_s]

"Natural gas prices averaged a little more than $2.50 per mmBtu (million British Thermal Units) in 2016. Those days are over. Prices will average at least $3.50 to $4.00 in 2017. Prices have more than doubled since March 2016 but gas is still under-valued. Supply is tight because demand and exports have grown and shale gas production has declined." - Art Berman

Read: http://oilprice.com/Energy/Natural-Gas/ ... story.html

The KEY POINT is that weather related demand is only part of the natural gas market. Power Generation and Industrial demand are now much larger than residential heating demand.
> U.S. gas production is down and only a massive increase in gas directed drilling will reverse the decline. This won't happen at today's gas price.
> Imports from Canada are on decline
> Exports are increasing
> Industrial demand is increasing
> Gas needed to refill storage before the next winter will be at least 2 Bcf per day higher during April to November then it was a year ago.

If Art Berman is right, those of you that own AR, RRC and GPOR will be happy in Q4.

[setliff]

i for one am getting tired of waiting on 4th q. if oilers start the move first i am out of gassers.
jim

[bearcatbob]

i for one am getting tired of waiting on 4th q. if oilers start the move first i am out of gassers.
jim

https://www.youtube.com/watch?v=Yop62wQH498

"Annie" (1982) - Tomorrow - YouTube