A Price Drop, and More on the Horizon? The Beacon, 09/21/2020
The Headline: A front end price drop, great gas storage numbers, and more drilling rigs in the field signal good news may be on the horizon.
The Bottom Line: OCT2020 and NOV2020 gas prices are down, natural gas in storage continues to set 5-year highs, drilling rigs in the field had their biggest climb in months, and tropical weather forecasts are less threatening than previous weeks. All of the annual price strips are down again, and we are recommending that energy buyers get their contracts in place this week.
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