Propane prices are going up

[dan_s]

Propane supplies are much lower than they were a year ago and the MAJOR COLD WAVE coming down the middle of the country all the way to the southern tip of Texas is going to create big draws from propane supplies. Propane is one of the big parts of the NGL mix. Some of our model portfolio companies sell a lot of unhedged NGLs. You can find the product mix at the bottom of each forecast/valuation model.

See this: https://www.eia.gov/petroleum/heatingoilpropane/

Antero Resources (AR) is the largest producer of NGLs.