(WCTW) It's Time To Get Extremely Bullish Natural Gas (Long-Term)
I think the market is close to a major turning point and it's time to get super bullish on natural gas for the long-term.
While there are short-term hurdles the market has to confront, the incoming catalysts from 1) slowing Northeast natural gas production, 2) an increase in LNG and Mexico gas exports, and 3) an increase in data center power burn demand will structurally push natural gas higher starting in H2 2025.
In our forecast, we see Henry Hub averaging close to $6/MMBtu from H2 2025 to 2030. Our bear case has Henry Hub averaging $4.50/MMbtu, while the bull case shows the potential for an average closer to $8/MMBtu.
Later in the week, we will publish a detailed report on all the potential energy stock ideas with the most torqued upside to higher natural gas prices. Please look forward to that.