UGAZF - Natural Gas And NGLs: A Bright Spot In Energy
Lower oil prices and production have undoubtedly been the focus of many energy investors over the last few months. Even with the recent stabilization of WTI crude around $40 per barrel, oil prices are still well below pre-COVID levels. However, another less frequently discussed side of energy has seen notable relative strength in the face of macro headwinds in natural gas and natural gas liquids (NGLs). Fundamentals for the two commodities have improved in recent months, representing a bright spot in energy amid a challenged environment and a potential opportunity for midstream companies. Today's note