The news reports a heat wave covering Europe now depressing natural gas prices.
Recently LNG ships have been stacking up offshore Spain due to lack of onshore storage
capacity.
Do you imagine any of EPG natural gas stocks may retreat in value as a result?
When will the Freeport LNG plant be operative again?
Thank you.
Natural gas outlook
Re: Natural gas outlook
One day shouldn't matter. I think the warm weather affected prices last week
NG is up pre market.
AR is the best gasser imho 2 to 2.5 b FCF. EV is about 10-11b = 20 %- 25 % ++++ FCF yield
NG is up pre market.
AR is the best gasser imho 2 to 2.5 b FCF. EV is about 10-11b = 20 %- 25 % ++++ FCF yield
Re: Natural gas outlook
Weather in Europe has very little impact on the US natural gas market. Natural gas prices are set by regional supply/demand.
Europe has plenty of natural gas NOW but their storage will drain quickly without a lot of gas coming from Russia, which is now impossible with the pipeline bombings.
Unless the weather in the eastern half of the US is very mild in Q4 (unlikely with La Nina in control). I except HH natural gas prices to move firmly over $6.00 in November and spike to over $8.00 in December. The US gas market is TIGHT.
Europe has plenty of natural gas NOW but their storage will drain quickly without a lot of gas coming from Russia, which is now impossible with the pipeline bombings.
Unless the weather in the eastern half of the US is very mild in Q4 (unlikely with La Nina in control). I except HH natural gas prices to move firmly over $6.00 in November and spike to over $8.00 in December. The US gas market is TIGHT.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group