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Nat gas turns negative price in Texas
Posted: Thu Apr 11, 2024 10:27 pm
by aja57
Several on the forum have commented on this commodity issue.
https://www.zerohedge.com/markets/texas-nat-gas-prices-turn-negative-drillers-chase-oil-sales
Re: Nat gas turns negative price in Texas
Posted: Fri Apr 12, 2024 2:57 pm
by dan_s
Very important these days to know each company's hedges. Hedges and their impact on realized prices are shown at the bottom of each forecast model on our website. Learn how to use the tools we provide.
Re: Nat gas turns negative price in Texas
Posted: Fri Apr 12, 2024 4:15 pm
by Fraser921
Free NG, only condition is you get cash but must carry.
Can you imagine the business opportunity if you could make a truck that could convert the free NG to LNG and transport it away to Calif?
PS: I can't wait for CRK earnings call. I'm clearing my calendar.
I'm sure they will tell us don't worry about a HALF A BILLION NEGATIVE FCF, better days are coming in future IF we get HOT SUMMER and a COLD WINTER and PRODUCERS CUT DRILLING and BIDEN APPROVES PIPES and EXPORT FACILITIES all coupled with another LUNER ECLIPSE> if all that happens NG goes to 2.50 and they only lose 100 m
