Natural gas prices keep going up - July 21
Posted: Wed Jul 21, 2021 8:27 am
"The natural gas market is exploding as it continues to see record demand for LNG exports, lower U.S. production by comparison and the possibility of very hot temperatures keeping cooling degree days high. The natural gas market seems to be changing from the past few years where we were plagued with oversupply. Now of course we’re going to have the tightest gas market we’ve seen in many years and this could lead to sharply higher prices for heating bills this winter." - Phil Flynn Jul 21, 2021 08:48AM ET
The HH natural gas futures contract (AUG21) is trading this morning at $3.90/MMBtu and AR and EQT are still trading below book value. The disconnect of these stock prices to the gas and NGL fundamentals has no logical explanation that I can come up with.
The HH natural gas futures contract (AUG21) is trading this morning at $3.90/MMBtu and AR and EQT are still trading below book value. The disconnect of these stock prices to the gas and NGL fundamentals has no logical explanation that I can come up with.