RE:RE:RE:Possible reason for strong Midwest US gas pricesBeat the odds..., the subject of your post says “possible reason for strong Midwest prices..” That is what I questioned. The pipes are full whether they carry more Bakken and less Canadian gas or vice versa. In fact, North Dakota oil production and with it associated gas plunged in the spring of 2020 and slowly recovering since but the spike in Midwest hubs and everywhere else is a recent event. Let’s just agree that reduced gas production from Bakken doesn’t hurt Canadians...
Gas prices are strong despite bearish weather at least for the next week or 10 days. Could be the market sees a supply deficit so it’s ignoring the weather. Crew said it will gradually transition to AECO from HH and other hubs so lets wish it gook luck.
Gas is important for Crew but it’s a relatively small producer with high debt. I bought it because of Condensate at West Septimus and other liquids-rich assets. I think it should sell its none producing land, get rid of heavy oil and trim some debt for its shares to recover. But oil has to break above $50 first and I am willing to wait and see what happens.