The Bottom Fishing Club: Coterra's Natural Gas Exposure Available At Depressed Pricing
CTRACoterra(CTRA) Seeking Alpha·2024-08-21 16:20
deepblue4you I have mentioned in previous oil/gas articles that natural gas prices in the U.S. are effectively at all-time lows in the middle of 2024, after adjusting for inflation in the overall economy. Believe it or not, today's price around US$2 per MMBtu is about half the 10-year average (closer to $4) or one-third the 27-year average (closer to $6), adjusted to changes in the government-reported Consumer Price Index [CPI]. Below are two graphs looking at spot gas prices first, then adjusting backw ...