Can Natural Gas Futures Continue to Stay Above the $2 Level?
Jefferies Keeps Their Hold Rating on Coterra Energy (CTRA)
Coterra (CTRA) Q2 Earnings Down Y/Y, Sales Lag Estimates
Amazingly similar? Henry Hub natural gas prices in Europe hit a new high since December last year. Will American LNG ships be able to make easy profits again?
Concerns over Russia's supply cut have pushed up natural gas prices in Europe. With the large storage demand driving it, Europe may increase imports of natural gas from the USA, wherein natural gas suppliers are expected to make huge profits. It is reported that, during the European energy crisis two years ago, each LNG ship sailing to Europe could earn over $0.1 billion profit.
Express News | Coterra Energy Inc : Jefferies Cuts Target Price to $26 From $29
Severe supply and demand imbalance, gas prices in West Texas, USA frequently show negative values.
This year, crude oil production in the USA soared to a record high. As a byproduct of hydraulic fracturing oil, the natural gas production in the Permian Basin far exceeds the capacity delivered to other areas with greater demand.
