Alison Sider, at the Wall Street Journal does a nice job summarizing the natural gas market here…
”Heading into 2017, some investors thought natural gas could extend the gains from 2016, betting that new gas-fired power plants and record exports would burn off the excess supplies that fracking had unleashed. But gas prices ended the year at $2.953 a million British thermal units, compared with $3.724 at the end of 2016.”
The charts do tell the story:
And, from barchart.com, here is the famous “widowmaker”, March18/April18 gas spread:
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