ECA - Natural Gas Sits Encana Rallies
After a wild ride to the upside in November as the withdrawal season in the natural gas market got underway, the price turned south in late November and continued to fall in December, January, and into February. The price of natural gas almost halved in value from the mid-November peak to the mid-February low. Over recent sessions, the price of natural gas has gone to sleep. Daily historical volatility plunged from over 160% to under 30% as the uncertainty of the withdrawal season has turned to the expected calm of the injection season where producers