Prices are Down, Fundamentals are Good, and the Hurricanes are Back: The Beacon, 10/5/2020

The Headline:   Natural Gas prices are down across the forward curve, pulling electricity down as well.  Storage numbers are good, drilling rigs are up again, and weather is bearish – time to buy!

The Bottom Line:    October 2020 gas closed at $2.101, and gas prices closed down across the entire forward curve.   Natural gas in storage continues to set 5-year highs, drilling rigs in the field had another good week, and NOAA forecasts warm temps in the Western US and milder temps in the East.   This will be a busy week in the Gulf, with two smaller hurricanes that aren’t currently projected to impact production.  All of the annual price strips are down through 2025, and this should be an excellent week to lock in your rates.        

Click HERE for your free copy of the Beacon!