The natural gas situation has changed somewhat. The production has started to fall, but the demand is still very very weak from the warm winter. We will have large amounts of natgas in storage and this will limit prices till next January. Only a crazy cold spell will decrease this overhang and now that the sun is higher in the sky, the demand for natgas falls every day all other things being constant. Thus, the price of natgas will be low all summer. At some point the price of natgas will rise, but any increase that is enough to get producer's attention, will increase rig counts. That will increase production and bring prices back down.
The only question is what are the prices that will clear the market this summer and what can the price rise to before rig counts start up again.
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