Birchcliff Energy Ltd T.BIR

EIA: Soaring Production Will Keep Natural Gas Prices In Chec

[AboveBoard]

• Natural gas prices have shaken off the geopolitical risk premium at the beginning of 2023.
• EIA: continued increases in U.S. dry gas production are expected to outpace domestic demand plus exports.
• The EIA expects the Henry Hub benchmark price to average $4.90 per MMBtu this year.

https://oilprice.com/Energy/Gas-Prices/EIA-Soaring-Production-Will-Keep-Natural-Gas-Prices-In-Check.html

[bossu]

'''The EIA expects the Henry Hub benchmark price to average $4.90 per MMBtu this year.'' so BIR pricing at $ 3,85 is conservative !

[AboveBoard]

  Remember all the predictions when natural gas was around $10 and the experts (along with most sheep) kept saying it was going to the moon.  I called bull$hit, and predicted the $3.50 to $5 range. If there is a crash (recession/depression), range $2.50 to $3.50, imo? my point, prices are controlled.  They tell us a narrative to guide us for their agenda.  The aggressiveness

[Skylar1]

I disagree with your assessment friend , while more production played a role the Freeport LNG fire was a devastating blow to nat gas prices and the prolong restart maybe political  , plus the big reason a very warm winter in the USA and Europe so far . Both of these factors will change soon , than we will see higher nat gas prices hopefully for a couple of months . GLTA