Another good report I found yesterday on gas prices for the next few months. Includes some insight to recent drop in price including comment “December forecasts grew colder this week, too. That has traders worried about a repeat of last year's historic cold, which led to record demand and prices above $6/mmBtu at the benchmark Henry Hub.” Source: Natural gas turns it around. Puts some balance to the oil price discussion particularly for the gas wells which imo will not be greatly affected by lower OP. Also I think Jeanerette is producing at lower rate than originally tested so it may have some upside and be possible to increase flows if prices rise over winter but that is just a guess.
Bw
PSA Price at posting:
11.5¢ Sentiment: Hold Disclosure: Not Held
