No one knows but from NG trading experts I consider to have good track records, NG is in a bottom at or near 1.5 and will likely, near term, trade in the 1.5-1.75 range, but long term, more likely than not upward pressure.
The hedging helps but the longer the price of NG is structurally lower than average over Q4, have to know that earnings will be less good than Q4. Q1 likely to be poor earnings though such a good company and efficient etc. they will eke it out.
we need catalysts - LNG Canada (though Tou not part of it) and the new pipeline that was just completed. Lower interest rates to stimulate economic activity and reduce likelihood of hard recessions, election in Canada with change in government ... etc. hot summer and cold winter for once.
hopefully get bumps leading to fall and that continues in the winter and beyond!
GLTA!
have to hope that