Nope, let's keep it simple. NG storage is about to be nearing full capacity in Alberta, Texas, and California. Demand (excluding the seasonality where summer hot days stimulates high demand) is still remaining at very low level in most states. There will therefore be a destocking phase before we can see higher prices. My guess is NG going to $2 before it can form a base to then move higher.
Is a Natural Gas Bottom Coming? [View article]