RE:Interesting NG hovering around $1.85. My calculations(prediction usually plus/minus 10 points) was the $1.65 mark. The 2024 election year complicates. Many agendas at play. Will there be a major 2-3 market bottom crash? Recession/depression? Will that be allowed during the current cycle? The next 10 months are a tough one to gauge. On sidelines for a reason. Looking at 1 particular solid ng play with a sustainable,dividend...still too expensive. Btw,. When ng was $10 and now 1/5 of past high price...why are share prices for ng companies still maintaining a healthy level that doesn't correspond? Just speculating and yapping.
from an older article....
Natural gas plays in such major producing fields such as the Montney Play ($1.49 USD per mcf) and Duvernay ($1.79 USD per mcf) have weighted average breakeven natural gas costs well below the Canada-wide average of $2.31 USD per mcf.