Canadian Gas Stocks Are Booming As Henry Hub Prices Soar ...Middle East

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Canadian Gas Stocks Are Booming As Henry Hub Prices Soar
Last week, U.S. natural gas futures notched their fifth weekly gain in a row, up 96% YTD and hit their highest settlement since October 2008. The front-month May contract (NG1:COM) jumped 16% for the week to settle at $7.30/MMBtu. The interesting part: investors are betting the surge will last for months, if not years. You can tell this by looking at trends in the nat. gas futures markets: futures due for settlement 10 months out are also trading above $7 on while the January 2024 contract is above $5, a clear indication of strong bullish sentiment…

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