Following the Freeport LNG facility going down, Henry Hub hasn't been the same. And as we've explained many times in these NGFs, the US gas market went from a one-sided bet to the upside to a mediocre one. To throw in a more unknown variable going forward, mother nature now has a major say on where prices are headed. If the weather is bullish, prices will go up, and vice versa.
Looking at our current projections, the latest update shows a bearish revision to our storage forecast.
This is because mother nature over the weekend trended bearishly losing cooling degree days.
