Also picked up a few under .24. Seems like a deal with two wells very close to coming online in March. Output will double in the next few weeks. 2 producing wells to 13 this year!
US ngas prices are not connected to what Trillion will receive but I think it does impact investor psychology. Ngas bounced from several year low and some traders probably decided the bounce was over and took profits. We are pretty much done with winter and aside from Freeport ramping up last train, there won't be an increase in LNG exports this year. This year ngas prices in the US will be weak. But more LNG plants are on the way and longer term, the future looks bright.
Europe is happy but they had full Russian ngas for the first half of 2022 to help fill their storage. This year, they won't have much Russian gas to help fill storage. We'll see how they do and if traders panic again and bid prices to the moon. Probably won't be a repeat of last year but I think there is still a chance of higher Euro ngas. AND Trillion is in the right place at the right time.
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