The latest US gas news doesn’t read well for EDE.
“Natural-gas futures ended Friday at $3.215 per million British thermal units, up 96% from a year ago and the highest price headed into summer since 2017. Futures traded even higher—and regional spot prices jumped—when triple-digit temperatures baked the Southwestearlier this month. Analysts expect prices to be even higher later in the year when it is time to fire up furnaces.”
Can EDE service it’s energy bills and debt? Cash must be less than forecast in the last Q report?
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