Direxion Daily Natural Gas Re (GASL)

[OTCRIDER]

“Sanction Spiral”: Russian Natural Gas Exports to Europe Soar

...During the first three months this year, the price averaged $9.36 per Million British Thermal Units (MMBtu). Then they began to decline. By August, prices had plunged nearly 30% to $6.66 /MMBtu, the lowest since 2009.

OK, those low prices might still look paradisiacal to US shale gas drillers. On the NYMEX, natural gas currently trades for $2.62/MMBtu. In hubs where production from the Marcellus – the largest natural gas producing region in the US – is sold, such as at Tennessee’s Zone 4 Marcellus hub, prices are barely above $1/MMBtu. This price collapse has haunted drillers since 2009. Now Wall Street is finally pulling the plug, and two major US natural gas drillers have already gone bankrupt this year.

http://wolfstreet.com/2015/09/25/sanction-spiral-russian-natural-gas-exports-to-europe-soar/