Winter is officially here and with that comes seasonal “rally” in futures pricing. Per attached you’ll note approximately 10% rise since mid-July, nothing significant. Most of this increase occurred on Wednesday when market spiked significantly due to prediction for season’s first “massive withdrawal” from storage on Thursday. I must note that between mid-July and now there were times when futures pricing was lower than July 11, 2016 pricing noted on attached.

Amount of gas in storage for the winter heating season is ample. Temperature forecast through end of December is above normal, heating demand will be below normal through end of next week. January forward remains to be seen. Please contact us at your earliest convenience to discuss.

Happy Hanukkah and Merry Christmas. For us it is Christmas, Scripture tells us, “For unto you is born this day in the city of David a Savior, which is Christ the Lord. Glory to God in the highest, and on earth peace, good will toward men.” We thank God for His gift of salvation and eternal life through His only begotten Son, Jesus.

NYMEX Henry Hub Natural Gas Wellhead Monthly Settlement Pricing