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A financial analyst writing on the Seeking Alpha investors' website wrote a detailed post outlining his thesis on why the price of natural gas is likely at the bottom now and will only go higher. He says that since natural gas prices are at or below breakeven levels for drillers, they are reducing their drilling
We suppose you can file this story under the category of "damned if you do, and damned if you don't." We're referring to hedging--the practice of locking in prices to sell gas you will produce in the future for a specific price now. Last year natural gas producers, including most (if not all) of Marcellus/Utica
Please sit down, buckle up, and keep your hands inside the ride at all times. No, these are not instructions before boarding a roller coaster at your favorite theme park. These are instructions for those who buy and sell natural gas in 2023. While the price of natgas has been bumping along at the mid-$2
Once a month, the analysts at the U.S. Energy Information Administration (EIA) issue the agency’s Short-Term Energy Outlook (STEO), their best guess about where energy prices and production will go in the next 12 months or so. We sometimes poke good-natured fun at the EIA because one month, their predictions go up, the next month,
The Pennsylvania House Republican Policy Committee held a hearing yesterday in Harrisburg on the increasing energy costs that affect large and small businesses as well as homeowners. Several energy advocates, including Marcellus Shale Coalition President Dave Callahan, shared their thoughts and insights. High on the list of issues creating higher energy prices in the Keystone