Natural Gas Prices this winter
Posted: Mon Oct 08, 2018 6:30 pm
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.
"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.