Why U.S. natural gas prices could stay over $4.50 thru Feb

[dan_s]

Based on the 10 day weather forecast, it now looks like U.S. natural gas in storage will dip 200 Bcf below the 5-year average by February 11. The next two storage reports for weeks ending Jan 28 and Feb 4 should be draws of well above 200 Bcf.

If storage is that far below the 5-year average at the end of March, it will have a significant impact on natural gas demand during the refill season (April to October) because refilling storage is not "optional". The U.S. natural gas storage system is vital to our economy. We now need close to 4 trillion cubic feet of gas in storage by the end of October each year to make it through a cold winter.

Watch this video:
https://weather.com/storms/winter/news/ ... ntral-east

[uberCOAT]

https://www.youtube.com/watch?v=27wsZ8RC01Y

Major Winter storm update! Severe ice & heavy snow!

[CreativeEquity]

wait a minute, i thought we had a global warming crisis due to fossil fuels ?

[Fraser921]

They only talk about global warming during the dog days of August

[uberCOAT]

Dan,

You had mentioned in the past the difference between HH Natural Gas Futures and what companies can obtain in the physical market. What type of prices for example would CRK be getting in the spot market. Current spot prices for delivery as as follows:

New England - $22.25
Mid-Atlantic - $6.65
Midwest - $4.95
Southwest - $5.15
Northwest - $5.11

For the % of production that they have unhedged, would they be securing these type of prices?

[Fraser921]

NG up 10 % pre market WOW

Buy all unhedged gassers

CLR produces 1 bcf per day!

New England - $22.25 The average man doesn't know they are getting screwed due to demented policies. In New England, all we need is a pipe across NY from NE PA. It's infuriating!!