KOLD +8 to 61, an over 500% gain since Thanksgiving due to the plunge in NG prices, now at $2.52/mcf, down from a peak of around $10 in August. The mild winter and extended Freeport LNG exports outage have resulted in a significant oversupply that may evolve into a glut by spring !
NG prices are now at 2 year lows and still dropping ....
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