Natural gas price destructionWith TTF and JKM trading at multiyear lows, I would not be surprised to see TOU retest last year's lows around $53. There is simply way too much gas produced and no where to place it. The markets are flooded,
Very difficult to add exposure to Natgas when its leader gets punished like this.
The only ones who will survive 2024 are deeply hedged. Otherwise, natgas is a write off for the next 10 months.