Short-Term Energy and Summer Fuels Outlook / NG We have read a lot of false allegations and lies here. Let's see the reality for once.
Here are some data from the latest report of U.S. Energy Information Administration (EIA)
Release Date: April 11, 2017:
- In March, the average Henry Hub natural gas spot price was $2.88 per million British thermal units (MMBtu), 3 cents/MMBtu above the February level. Prices increased as temperatures in March returned to more seasonally typical levels after being significantly warmer than normal in February.
- New natural gas export capabilities and growing domestic natural gas consumption contribute to the forecast Henry Hub natural gas spot price rising from an average of $3.10/MMBtu in 2017 to $3.45/MMBtu in 2018.
So, the forecasts indicate a much higher price for NG in 2017 than those of 2016 and even a better 2018. END OF STORY about the "worthless" NG.
P.S.: When I refer to lies, I refer to posters who deliberately are lying. For example, read the allegation that Craft will distribute... nothing to shareholders, because the management will pay expenses and bonuses: The liar "forgets" that Craft will distribute shares of Cardinal and Point Loma first, not cash. And these shares are worth now more than $40 million, not one or two million to spend in...expenses.
(These bashers appeared here all together along with Raymond James bearish approach: They say they do that because of a poster who posts in other boards and abuse them, but if you check this poster started to post in other boards a long time ago, not now. So the question of Raymond James and bashers sudden mass appearance remains...).