Choking on Natural Gas, But Is It About to End?
by G. Allen Brooks|Parks Paton Hoepfl & Brown|Tuesday, September 01, 2009
The September 2009 natural gas futures contract expired last Thursday night with the price setting another 7-month low of $2.843 per Mcf. The October 2009 contract that became the new frontmonth contract was off 14.4 cents in early trading Friday morning, but still held above $3 per Mcf. It closed the trading day still slightly above $3. Whether the new front-month gas contract can sustain a price north of $3 per Mcf for any extended period of time, given the swelling supplies of natural gas in inventory, remains a huge question mark.
The entire article and graphics...
http://www.rigzone.com/news/article.asp?a_id=79911
jhh
The September 2009 natural gas futures contract expired last Thursday night with the price setting another 7-month low of $2.843 per Mcf. The October 2009 contract that became the new frontmonth contract was off 14.4 cents in early trading Friday morning, but still held above $3 per Mcf. It closed the trading day still slightly above $3. Whether the new front-month gas contract can sustain a price north of $3 per Mcf for any extended period of time, given the swelling supplies of natural gas in inventory, remains a huge question mark.
The entire article and graphics...
http://www.rigzone.com/news/article.asp?a_id=79911
jhh
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