Good News for the Gassers
Posted: Sat Mar 28, 2020 11:03 am
I posted a new report on the EPG home page from Simmons that supports my view (hope) that the U.S. natural gas prices could move over $2.50 late this year.
For the "gassers" it becomes EXTREMELY IMPORTANT to know which ones have lots of 2020 gas hedged at good prices, so they can survive 2020 to thrive in 2021. Eight months from today, we could be starting a winter heating season with a very tight gas market in the U.S.
At the current low gas prices, utilities will generating a lot of electricity with gas.
For the "gassers" it becomes EXTREMELY IMPORTANT to know which ones have lots of 2020 gas hedged at good prices, so they can survive 2020 to thrive in 2021. Eight months from today, we could be starting a winter heating season with a very tight gas market in the U.S.
At the current low gas prices, utilities will generating a lot of electricity with gas.