RE:RE:Piper wager, my $50 to your $100 (monopoly money)I am slowly learning about nat gas and there is a lot to learn. First , for North America you need to look at the whole picture . That includes Canada , the US and Mexico. Then there is the LNG exports which are fairly constant and slowly growing. But now when hurricanes strike the USGC you may get a loss of production from the platforms, but also a shutdown of some LNG plants.
Next there is the weather, not only the temperature ,but also wind speeds and hours of sunshine.
Stangely, Coal is also an important factor, not only is coal generation in the US not going down, but it is increasing. The US also both exports and imports coal. Everything is driven by costs not ESG concerns.Lastly, in spite of all the hype, consumption of nat gas in the US has not increased year over year yet production is once again growing (but slowly)
I also have owned Peyto for a while, at present it is heavily hedged at low prices, yet production is still growing, and the hedges will eventually come off.
All in all, I like nat gas , it should be the future once a lot of hypocrisy is exposed. But it still has a long and winding path to follow upwards.