RE:Analyst CommentWorld markets are drowning in gas.
JKM spot is under $9.50 and Winter 2025 trades under $13.
TTF spot is below $30 and Winter 2025 trades $35
HH spot is $2.10 and Winter 2025 trades $3.70
AECO spot is $1.75 and Winter 2025 trades $3.10
All these are close to 5-year lows and production keeps going up while producers shares are still holding up there. Potential shake-up in the making. Keep some powder dry in case the situation shows up.
Mike Rose will have to justify all these trades to increase its exposition to JKM:
https://www.barchart.com/futures/quotes/JKMJ24/overview