RE:What a dull boring summerRex...natural gas looks quite rough for rest of summer.
USA had abnormal heat in June and last year July and August were hot, NG production has adapted to this in USA.
Finally NG exports from Canada are 1 bcf higher than last year.
It's wierd lots of rigs got unrigged in Western Canada.
65 rigs drilling for NG what the heck for???
Jan 2025 is like under 3 bucks now for Aeco.
Kelt announced they are delaying completions until Fall for better NG prices but that is just going to create problems in 2025 unless weather starts getting really cold.
Problem is technology has made new wells to productive for market to handle.
Really good new NG wells being drilled and that creates oversupply fast.
Need to be cheap and nimble to survive.
At least YGR is that.
Bad news coming by fall to some other NG producers that have a higher cost structure, reality.