RE:sobering reality on AECO pricing right now...Nuttall is clearly knowledgeable about the sector. My only issue is when the market is down like today, it is always because the market is wrong. That's where he loses his credibility.
I believe last time he was on BNN, he spoke very highly of Cenovus and Veren. Not a good day for him, that's for sure.
downwithdotcom1 wrote: Eric "the entertainer" Nuttall talked/predicted this on his last BNN appearance that cdn storagy was nearly full and that neg pricing was a coming...bad news for those selling unhedged AECO right now..dont kill the messenger...see below...dwdc
Canadian natural gas prices slumped to their lowest level in more than two years on Monday and are expected to remain under pressure for weeks, as storage levels in Alberta reach full capacity due to weak demand across North America.
Next-day gas prices at the AECO hub in Alberta fell to 5 Canadian cents per million British thermal units (mmBtu), their lowest level since August 2022