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Msg  326501 of 343511  at  5/3/2021 1:37:33 PM  by

Nuclear_Beltdown


 In response to msg 326495 by  helpdesk90
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Re: Two Charts of NG Inventories

 >>Futures prices are within a dime of $3 all the way to December. And May '22 is at 2.52.
 
AECO futures mimic the same pessimism about pricing in months 12+ and they haven't moved. I think supply will continue to surprise to the upside, even with increased LNG and Mexican exports. This is why I'm [very] long the well placed Canadian G&Ps and Canadian E&Ps that have proved they can survive with sub C$2 AECO, either through low costs, owned infrastructure, or high C5+ liquids content. Probably always a trade in there, but I'm happier to hold a survivor.
 
 


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Msg # Subject Author Recs Date Posted
326505 Re: Two Charts of NG Inventories Ed Ajootian 3 5/3/2021 1:44:47 PM


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