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It is evident that natural gas pricing is volatile. Those of us that watch prices very closely, were amazed by the extreme volatility in the market over the last two weeks.
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Aeco (Cdn$/GJ)
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Nymex(U.S.$/mmbtu)
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Sept 22
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Sept 10
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Change
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Sept 22
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Sept 10
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Change
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Oct09
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$3.18
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$2.99
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6.2%
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$3.52
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$3.26
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8.0%
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| Nov09-Oct10 |
$4.87
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$4.81
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1.2%
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$5.47
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$5.34
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2.5%
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| Nov10-Oct11 |
$5.92
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$5.95
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-0.4%
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$6.58
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$6.53
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0.7%
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| Nymex Prompt Prices |
Sept 22
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Sept 10
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Change
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Natural Gas (U.S. $ per mmbtu)
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$3.515
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$3.256
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8.0%
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Crude Oil WTI (U.S. $ per barrel)
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$71.40
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$71.94
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-0.8%
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| Currency |
Sept 22
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Sept 10
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Change
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| USD/CAD |
$0.935
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$0.927
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0.9%
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With U.S. natural gas storage levels more than ample and as we headed into the last two months of storage injections, most experts had called for low prices in September and October. And that is what has happened as the current gas prompt is trading at $3.72 U.S./mmbtu.
Here is a quick summary of the recent volatility:....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
Please contact your Client Service Representative if you have any questions.
www.ecng.com
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