Gassers

[Fraser921]

NG hit 4.00 today for Dec & Jan

In a normal world the gassers would be soaring. Cash costs are about $ 1.00 per mbtu for many of them

[dan_s]

If you think this rally in natural gas prices is something, wait until we get to October and gas in storage is more than 200 Bcf below the 5 year average. Unless the weather pattern changes to very mild temperatures over most of the country from August through October (highly unlikely) will see the "Mother of all Bidding Wars" for natural gas supply.

Go through the 10-day forecast here: https://weather.com/maps/tendayforecast

It is very bullish for natural gas demand.

Oil prices are determined by global oil supply/demand. U.S. natural gas prices and to a lesser extent NGL prices are determined by regional supply/demand.