Post by
Margin321 on Dec 22, 2020 11:54am
Nat gas prices crashing but we have a fixed price
Timing of finalizing negotiations and signing deal looks pretty good right now. There is also an inflation rider. There is a chance for company or the NGC t re-open discussions about pricing but not for 5 years. The agreement is for 25 years. I am happy to have highly profitable price locked in for 5 years.
I added a little more today at $1.55 US. I think my TXP tank is about full though I know a lot of posters here have much more.
Comment by
Davidblackgreen on Dec 22, 2020 12:16pm
There is a real world out there and gas prices are hardly moving. It's called 75% of the global energy market. I think you might be referring to Henry Hub onshore backwater USA where the gas market has been distorted by the shale gas Ponzi scheme destroying market mechanisms?