- Natural gas prices have been on a steady uptrend this year and likely headed higher by this summer.
- Europe's natural gas situation is likely to worsen before it gets better. If Russia continues to restrain exports, storage by the end of injection will be at record lows.
- US gas will likely be heavily impacted by the marginal exports to the world. With low levels of absolute storage and disciplined production, US gas prices are headed higher.
- The only way for US gas market to get bailed out is if Lower 48 production averages ~97+ Bcf/d this injection season. We are at ~94 Bcf/d today.
- We think the safest and easiest way to play this is to be long Antero.
For further details see:
Natural Gas Market Is In For A Rude Awakening This Summer