Post by
ShawnyCash1 on Apr 29, 2024 10:58pm
Natural Gas Rig counts down again
One thing to consider is that rig counts in the US have been steady around 120 since Sept 2023. Now its been steadily declining week after week to 105. It hasnt been that low since Dec 2021 which was the start of coming out of the pandemic. It was as low as 69 during June of 2020.
This looks like the start of a nat gas bull run.. just the early innings.
https://ycharts.com/indicators/us_gas_rotary_rigs