TSX:VRN - Post Discussion
Veren Inc
> sobering reality for AECO pricing right now...
Post by
downwithdotcom1 on Sep 24, 2024 12:14pm
sobering reality for AECO pricing right now...
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..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
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