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Investing

How Low Can Natural Gas Go?

Photo of Jon C. Ogg
By Jon C. Ogg Published
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Depending upon whom you ask, natural gas prices may be heading to under $2.00 per mmBTU.  The Nymex front-month contract for natural gas is now March and the price settled down just over 4% at $2.425/mmBtu.  You know the story, a lack of an energy policy in America along with a growing and growing supply.  Can any more natural gas even get stored anywhere?  The United States Natural Gas Fund (NYSE: UNG) is currently down about 3.7% at $5.18 with a 52-week range of $4.98 to $12.64.

Overall the U.S. has had a mild winter and that has lowered demand for natural gas.  Much of the gas is produced alongside with oil coming out of the ground.  Is it fair to wonder if we will run into a storage problem for gas?  Some oil companies are simply burning the natural gas off and keeping the oil. 

Today’s pricing just set up a very weak expectation for supplies of nat-gas due at 10:30 AM EST on Thursday morning.  We are expecting a build in Thursday’s nat-gas data.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

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About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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