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Permalink Reply by Digger1 on July 10, 2009 at 15:52

To bad the chart is the increase in supply and not the price. Attached is a price chart going the other way, unfortunately.

Attachments:

• ngspot.gif, 20 KB

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Permalink Reply by Mike Hughes on July 11, 2009 at 4:24

What would the price look like going back to 2000?

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Permalink Reply by Les Bamburg on July 11, 2009 at 5:54

Mike, please see the attached. Monthly pricing is more valid than daily prices because that is basis for most gas sales.

Attachments:

• Henry Hub 7-11-09.pdf, 80 KB

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Permalink Reply by sesport on July 11, 2009 at 6:42

Les - Looks like historically (with the exception of '05) there is a down trend between July untill about Oct., but this year it looks like it's in an "up" trend. Is that expected to continue or dip again as we get closer to the end of this 3rd quarter? For it to start going down again would mean those "bargain basement" prices again. Yuuuuucccckkkk!

best :0)

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Permalink Reply by Les Bamburg on July 11, 2009 at 8:52

Sesport, generally prices decline in the 3rd Qtr as we approach the end of the gas storage fill season. Many people believe we are going to hit full storage even earlier than normal which will translate into a decrease in natural gas prices. Also, LNG shipments into the US are likely to pick up in late August or early September.

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Permalink Reply by sesport on July 12, 2009 at 0:32

GoshDarn - It's best to prepare for worst-case scenario in all matters ... there will always be some kind of rough seas in the future. No guarantees that there will be smooth sailing 100% of the time.

:0)

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Permalink Reply by Joe Dyer on July 12, 2009 at 9:23

Les B, That's pretty cool. Really tells a story about 2005. Joe

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