- This winter provided a good amount of heating demand resulting in storage to finish well below the five-year average.
- Assuming a normal five-year injection season, natural gas storage would enter November at 3.4 Tcf, something the market will not like.
- Supply increases this year will be offset by the demand increases. Fundamental balance suggests 0.5 to 1 Bcf/d of undersupply.
- This means that natural gas prices will remain elevated throughout the year as the market will try and price in some demand destruction.
- Antero Resources is the name we will be looking to buy.
For further details see:
As Winter Comes To An End Soon, The Focus Will Be Back On The Low Natural Gas Storage Level Throughout The Year