| |
Aeco (Cdn$/GJ)
|
Nymex(U.S.$/mmbtu)
|
| |
May 7
|
April 30
|
Change
|
May 7
|
April 30
|
Change
|
|
Jun09-Oct09
|
$3.87
|
$3.34
|
15.9%
|
$4.12
|
$3.62
|
13.8%
|
| Nov09-Oct10 |
$5.76
|
$5.37
|
7.3%
|
$5.92
|
$5.50
|
7.6%
|
| Nov10-Oct11 |
$6.70
|
$6.51
|
2.9%
|
$6.87
|
$6.57
|
4.6%
|
| Nymex Prompt Prices |
May 7
|
April 30
|
Change
|
|
Natural Gas (U.S. per mmbtu)
|
$3.887
|
$3.373
|
15.2%
|
|
Crude Oil WTI (U.S. per barrel)
|
$56.34
|
$51.12
|
10.2%
|
| Currency |
May 7
|
April 30
|
Change
|
| USD/CAD |
$0.857
|
$0.838
|
2.2%
|
As most readers of this publication are aware, natural gas prices are historically low right now. This is due to two main reasons. The first is strong production in the U.S. in the last 18 months. Secondly, the recession has negatively impacted the demand for natural gas. Before we can expect to see a turnaround in prices, the market is looking for signs that the economy is turning for the better, and evidence of reduced production that will ultimately occur as a result of low natural gas rig counts.
The U.S. rotary rig count .....The full Market Watch is available to ECNG Customers to contact one of our specialists, call 1-888-989-1501 or email info@ecng.com
|
