Natural Gas
Seems like a smart bunch in here so I thought I'd get some input. Anyone track natural gas? Thoughts on where the price will settle next year?
Trending Content
| +81 | Q&A - Buyside Equity Research Analyst/PM | 29 | 5d | |
| +32 | How the heck do you learn all of this stuff? | 10 | 15h | |
| +28 | Getting Frustrated | 10 | 4w | |
| +28 | My experience on the sell side | 20 | 2w | |
| +24 | Clues in Financial Reporting Analysis | 7 | 2d | |
| +17 | Am i fairly compensated? | 9 | 3d | |
| +14 | Data Science to PM | 8 | 1w | |
| +14 | Heard they don’t model at Oppenheimer | 10 | 2w | |
| +12 | ER - Remote Jobs? | 8 | 5d | |
| Equity Research at Bank vs IG, High Yield & Leveraged Loans Research at Asset Manager | 4 | 1d |
Career Resources
I should clarify - I'm speaking specifically to Henry Hub NG
It depends on this coming winter. If we get very cold winter, I would expect prices to go higher to $3.50, otherwise I would expect to trader around $3-$3.25. There is so much gas and we haven't seen any sign of slow down in production. Currently, coal to gas switching is supporting the price.
Yeah, I was wondering if we've seen the majority of the coal-to-gas switching already occur? NG is used primarily for cooling days, so demand could possibly slacken a little in the winter? I guess the concern is that there are fewer and fewer rigs that are producing more and more NG. Couple that with the administrations pressure on coal and it paints a potentially grim picture. Coal seems to become competitive with NG at ~$3/MBtu so can NG really maintain these lows?
Yes, majority of switching has occurred, but coal prices are going down too so at $3.00 or higher I would expect switching to slow down.
I could still foresee sub $3 / Mcf gas at the turn of the year, $3.50 is feasible but seems optimistic.
Anyone know how the ibanks construct their forecasts?
Modi fugiat maxime vel dolore praesentium. Cum explicabo non maxime animi voluptas quasi iste soluta. Neque quis quasi nihil voluptas quaerat officiis quisquam illo. Dolore vel esse occaecati perspiciatis vero illum. Ducimus dolor accusamus repudiandae.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...