Natural Gas_ Front-loaded production to back-load $4 Henry Hub (1)
ray dalio·2024-10-07 16:08
_ 25 September 2024 | 11:43PM EDT Natural Gas Front-loaded production to back-load $4 Henry Hub n US gas markets continue to approach the turning point where gas prices will, in our view, switch from incentivizing producer discipline below $3/mmBtu, as seen all this year, into incentivizing higher drilling, at $3.75-$4.00/mmBtu. However, we now think that such a Henry Hub rally will be delayed into late 2025, vs our previous expectation of early Sum25, driven by a combination of (1) front-loaded Haynesville ...