Natural gas - Preliminary plan for 2Q 2020.

2020년 3월 11일

Following todays short term energy outlook, spot average prices forecasted around 2.11/MMBtu for 2020, and an average of 2.22/MMBtu for the Q3 2020 even with the coronavirus effect and global economy uncertainties; we may then see a bit of price recovery due to the falling of the oil prices, the assumptiom comes due to the fact that the oil companies in the shale basins, in specific those in permian and Appalachian will suffer the low oil prices and would operate out of capex and as a consequence a slowdown in gas production. Long but evaluate the possible target for shorting between 2.05 - 2.1.