Natural Gas Prices this winter

[dan_s]

At our Hess Club luncheon on Tuesday, I am going to make this prediction and defend it.

"My SWAG is that we will see the front month NYMEX contract for natural gas trade at more than $4.00/MMBtu before Christmas." < The spot prices at Henry Hub could be double this price if we get a cold December, which is the current forecast.

None of the Wall Street Gang thought this possible a month ago, but today we are beginning to see the initial signs that they are figuring it out.