Message Font: Serif | Sans-Serif
 
No. of Recommendations: 4
Howdy ....

Even worse than the slump in Natural Gas prices in the U.S., the Alberta AECO price ( gas delivered into southern Albeta storage ) has slumped to a 4-yr low.

Yesterday averaged $ 4.94 CAD$/GJ.

The highest monthly avg. was $ 11.87 last December.

http://www.ngx.com/marketdata/NGXIASDIDX.html

Unhedged producers especially will get slaughtered in Q2 earnings. Producer stock prices have been pulling back but I don't think they fully reflect the low price.

This includes also the 'gas-weighted' CanRoy Trusts. There could be distribution cuts on the horizon.

Best 'o' luck
Wayne
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.