RE:RE:RE:Natty One cold snap is all it takes to throw a spanner in the works.
Deliverability is usually an issue too. How quick can it come out of storage and where does it go?
For us any exposure to international prices is a huge benefit. We don't need the $506.00 a barrel gas equivalent price spike of last year. 4.00 would be good. 5.00 great.
This year is probably still boring for gas except for bottom fishing for your portfolio. The real story is 12-18 months away and whether industry can sustainably ramp production up that quickly without higher long term prices. Or do we go back into a glut quickly.
Does the market anticipate the gas price move or does it wait and see?