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gas prices stronger again

  1. jocam9

    1,317 Posts.

    According to cnnfn, natural gas prices (Jan contract per mmbtu) jumped another 10 cents overnight to what I suspect is close to an all time high of $US4.74. A mmbtu is pretty close to an mcf (thousand cubic feet). This is great news for Aussie gas producers in the US like FAR or soon to be producers like PSA. It may even help HZN find someone to take over as operator the Bayou CHoctaw leases. With continuing tension in the middle east, problems in Venezuala and the north American winter demand, prices could well stay above $US4.50 for some time. JBC

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