RE:RE:RE:What’s next It is going to take sustained cold weather to keep nat gas going up. One of the big issues is Permian oil wells exceeding their bubble point which releases excess nat gas from oil wells. You can find a good discussuin here
https://peakoilbarrel.com/us-august-oil-production-at-record-high/
. Their is however compensation in that many dry gas producers can no longer survive at under 3 $ US gas pricing. See the Tourmaline presentation pg 6 for details
https://tourmaline.cdn.prismic.io/tourmaline/83981492-6b01-4a83-ab35-7f4dc3176673_Tourmaline+Oil+Corp+Overview+November.pdf
There are of course , many other factors affecting nat gas pricing in the short term.
But my faith is in the longer term The prize is huge quantities of very inexpensive nat gas held as resources by many of these producers. The official reserves show only a small fraction of what is available.
If you are young , spend a lot of time studying this commodity. It may seem very elusive but nevertheless the treasure is there !!
One last thing , do not be dissuaded by what has happened in the past. Both the industry and investors have learned many valuable lessons which will not easily be forgotten. For instance , high reserves of PDP plus owned nat gas plants provide a very good financial buffer
Bir is not a painted pony ,how do I know ? That is where I got my moniker followed by two hoof prints !!