The Henry Hub SPOT price of gas is NOT the "wellhead price"; The pricing of gas in Louisiana is divided up as ;wellhead price;City gate price;residential price;commercial customer price with the energy power price being the highest.... There is also a Louisiana Hub cost of approx US$0.27 per mcuft gas sold into the grid pipeline[TRIVIA]....and the wellhead price is nowhere near the spot price . The figures of spot prices of US$9+ are 2days old, but did occur for a day or so only ; the spot price is volatile ranging US$6.30 to US$7.59 in past 24 hrs. UNTIL PSA kindly clarify the AVERAGE WELLHEAD PRICE , it is not worth getting all ramped up over a few days price distortions . PSA still have an excellent earner all the same !!!!!
PSA Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held