Prices are UP. What do you do now? The Beacon, 11/02/2020

The Headline:   Natural gas and electricity prices finished the week up from the previous Friday – especially in the next few months.   Storage numbers are still setting 5-year highs for the week, drilling rigs are up week-over-week, but still down over 60% from pre-COVID levels, and weather forecasts are milder, with the majority of the country forecasted to see normal to warmer weather.  

The Bottom Line:    We still suggest locking in rates if you have a start date later in 2021, but if you are looking for a prompt start, this is a week to standby and make sure you are ready to lock in your rate when the time is right.   The low drilling rig counts give reason to worry about spring 2021 prices – I wouldn’t wait any longer than necessary.    

Click HERE for your free copy of the Beacon!