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researcher59

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Re: hweb2 post# 103361

Tuesday, 02/21/2023 1:55:20 PM

Tuesday, February 21, 2023 1:55:20 PM

Post# of 114145
BOIL -.65 to 4.47 as NG hits $2.08/mcf ..... the warm winter and Freeport outage is causing a NatGas glut to develop. Back in 2020 we had a glut amounting to nearly 600 Bcf above normal storage ..... this year looks like it may peak around 400 Bcf, so not as bad but still a glut. Back in 2020 prices bottomed at around $1.50/mcf in June .... I think $2/mcf may be the bottom this year, but this selloff has loads of momentum, so $1.80/mcf is clearly possible .....

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