RE:Is Natural Gas a mess right now?
Yes Pablo it is a mess right now, however, I don't think it will be as bad for as long as you may be thinking. I think 2024 will be a soft year, I do think it will improve into the fall seasonality. in 2025 Canada should finally get the LNG facility exporting. I think the moratorium on facilities in the states will be short lived, I believe it is strictly 2024 electionering. The states didn't blow up Nordstream just let the European market go to someone else. I do think that we are getting close to the end of shale oil growth in the States, and the associated gas that comes with it. Finally, I subscribe to the old addage of the cure for low prices is low prices. Cheap gas should keep companies from switching back to coal etc.
In conclusion, likely, weak for a while yet but I think prices improve in 2025, cheers Matthew