Natural Gas Prices

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dan_s
Posts: 37313
Joined: Fri Apr 23, 2010 8:22 am

Natural Gas Prices

Post by dan_s »

There is some hope for natural gas prices as shift in the weather pattern will turn the eastern half of the U.S. colder in about a week.

Go to http://www.weatherbell.com/ and listen to Joe's 12/23 update. As he has been predicting for months now, after a warm December we will get a much colder January. Those of you in Dallas can expect several big snow storms in Q1.

That said, I think the best we can hope for is $2.50/mcf for gas. With so much gas in storage, it will take very cold weather that pushes deep into the South to raise prices.
Dan Steffens
Energy Prospectus Group
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