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....
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Natural Gas Prices Are Tanking - Advantage Energy May Suffer