Just for you I'll explain something that you seem not to be able to figure out or get through your head:
PSA sells its unhedged gas at the SPOT price.
See that word: SPOT.
It is not a dog's name. That is the cash price that they get when they sell the gas.
They don't sell the gas at the FUTURES price unless they have entered to hedges and then they get the CONTRACT price.
Now all you have to do to see the SPOT price is to use one of the numerous pricing services that will tell you what the SPOT price of NG is at the various HUBS in the USA.
Each HUB has its own DAILY price based upon SUPPLY and DEMAND at the HUB.
HUBS such as OPAL are usually the cheapest because of delivery restraints and pipeline acess. HUBS close to New York are usually the highest priced.
Henry (HH) or Henry Ship Channel are usually priced between those two. Again all you hvae to do is LOOK and you can SEE what the daily prices are.
FOR EXAMPLE, yesterday the HH price for today's delivery was $6.45 per mcf. The Futures price for the prompt contract was $6.46 per mcf.
Is that tooooooooooooooooooo compicated for you to understand?
PSA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
