Natural Gas Futures - Jun 22 (NGM2)

7.996
-0.312(-3.76%)
  • Prev. Close:
    8.308
  • Bid/Ask:
    7.994/7.998
  • Day's Range:
    7.864 - 8.178
  • Type:Commodity
  • Group:Energy
  • Unit:1 Mmbtu

Natural Gas Futures Discussions

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  • Chesapeake Energy (CHK), California Resources (CRC), Denbury Resources (DNR), Ultra Petroleum (UPLC) and Oasis Petroleum (OAS) are most likely to file bankruptcy soon so NG production will decrease more then 50% so supply destruction is more than demand destruction
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    • Declaring bankruptcy does not mean production will be cut. Lenders will take over and continue production unless there is liquidation. Even in liquidation, banks prefer to continue production to squeeze the last penny they can get.
      2
    • If CHK would file it would be chapter 11 which means they are re-negotiating debt along with re-organization and protected.
      0
    •  Yeah I do think so
      0