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GAZB - Natural Gas Inventories On A Fast Track For The Four Trillion Cubic Feet Level
Barclays Bank PLC
The natural gas futures market experienced lots of volatility since late June when the price fell to the lowest price in twenty-five years at $1.432 per MMBtu. The continuous contract proceeded to recover by 91.6% by the end of August when it rose to $2.743. The low came at the end of June, just as Warren Buffett’s Berkshire Hathaway was negotiating the acquisition of the transmission and pipeline assets from Dominion Energy (D). The price tag of $4 billion in cash and $6 billion in assumed debt was likely a bargain for the