What the heck? This morning the price for the “front month” NYMEX Henry Hub futures contract (for February) almost sank to $3/MMBtu (see our graphic on the left). According to NGI, the NYMEX March contract for HH actually got down to $2.97/MMBtu. Ouch. The weather is fingered as the culprit. We’ve often said the weather is THE primary factor driving the price of natgas. However, an investor/trader (and expert) who reads MDN and is an MDN friend has a different take that he recently shared with us. His prediction is that the price of natgas will make a dramatic turnaround (increase) this year.
