RE:RE:RE:RE:RE:RE:National Bank has this as the cheapest junior they coverA recession isnt going to kill Natural Gas prices as oversupply of natural gas will first.
Going to get ugly on the oversupply this NG price bubble is creating.
Companies stopped drilling so hard for NG in 2021 as NG was like 2.50 range right now...
USA production of NG is rising rapidly and also in Canada.
95 BCF a day in the USA on the weekend. Last year was like 90.
Double the rigs working in Canada through spring break up.
This isnt good.
In past whenever a hurricane happeend in sept...it would spike NG prices and then lead too an oversupply period of low NG prices.
This will cause the same scenario if not worse. 2-3 dollar NG is coming. It will be nasty drops.
May will have double digit injecton days.
I think NG may hold okay until June...but 2-3 bucks will come at some point just do too oversupply.
I wish YGR had 80% of their NG hedged.
forwardflash wrote: Maybe so, but someone asked for my source. so there it is. And EVERY T ME gas prices spiked like this a recession follows and crude prices fall.. The consumer is being ate alive by rising costs of everything, Food inflation hasn't even started yet. But I'm thinkng since the US is now an exporter of NG, with more LNG plants approved but yet to be built Ng is the play. FWIW