Just out this afternoon is a new EIA report showing yet another dry gas production decline
Very unusual. NG still cratering as is the equity of every Northeast player but with an epic 476, 000 contracts short - I dont think a soft landing is in the cards here
After todays DOE report -which actually was bullish - the surplus actually shrank to the 5 year avg.
Ga is not oversupplied but production is now in decline . With market in depression mode still things could be ultra tight - like price spikes- within 2-3 mths imho
https://www.eia.gov/naturalgas/weekly/