By Paul Sankey
Published on October 25, 2022 at 9:38 AM
US Natgas:cash price at Waha trading negative today. Boy is it good to be long natural gas supply in the USA. That mega-theme is probably under-appreciated. For example, it makes the US$ really strong. We went from zero LNG exports to largest LNG exporter globally from 2016 to 2022; production is booming. Note in the left chart below: zero LNG exports at start 2016. Incredible performace from the US oil & gas industry. $RRC: we opened […]
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By Paul Sankey
Published on September 23, 2022 at 9:30 AM
Brooklyn Cop at 844th Precinct accuses innocent Sankey of being “weird-looking” “They” got caught speeding yesterday: fast unwind of long natgas / short refining trade Terrific Happy Hour with Jay Saunders and a couple of other hitters last night; introducing Scope 4 Jennison portfolio manager (PM) Jay Saunders is very popular in the market, you can tell that by the players that dialled in to participate in his call yesterday. He co-runs the Jennison Natural […]
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By Paul Sankey
Published on June 15, 2022 at 7:01 AM
Our main concern about the Freeport LNG export outage is that it inspires some “consumer hero” politician in Washington to justify an export ban on oil & gas. The price impact of a cut to gas exports was dramatic yesterday, -15% on spot Henry Hub; Freeport said it would be out for 90 days, end 2022 full resumption. It is imperative that Washington understands the importance of free trade and the role in US oil […]
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