Will NatGas Price Drop to 20-Year Low in February? Quite Possibly

A somewhat depressing article on MarketWatch says we are potentially heading for natural gas prices (at the Henry Hub) of $1.50 or lower. If the price hits those levels, it will be the lowest prices we’ve seen for natgas in the past 21 years. Even more ominous was a comment by oil and gas industry titan T. Boone Pickens. In a recent CNBC interview Boone said this: “I don’t think we’ll ever see $3 natural gas again.” Ouch. If that’s true, the question becomes, how can companies make a profit at these super low prices? Here’s more on what may lie ahead for natgas prices this month and this year…

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