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CA - Natural Gas Prices Are Tanking - Advantage Energy May Suffer
CA Inc.
2024-02-14 14:40:00 ET
Summary
Natural gas prices have dropped significantly and show no signs of improvement.
Advantage Energy cash flows may be impaired by low prices and become insufficient to cover capital outlays.
While debt is not excessive, Advantage shares are vulnerable based on over-valuation.
Natural gas prices have fallen sharply since peaking at over $10 a gigajoule in September 2022, reaching just over $1.60 a gigajoule at Henry Hub today. Leveraged producers feel the pain....