NYMEX Nat Gas Henry Hub prices, $/MMBtu last = 1.966 1w: +0.1 (7%)
202020212022
Consensus (median)3.13.23.2
High64.23.3
Low2.92.52.9
Standard Deviation0.70.40.1
Count of Estimates20147
History
Forecast
CARG Summary (Price)
RankN/S0*1*2*3*4*5*
Strong Gr.       
Growth       
Flat       
Decline       
Strong Decl.       
Forecast Distribution
Company plot
[Neutral]

My view on gas market in USA is moderate. After the late December freeze gas inventories significantly decreased below normal level (-18% below 5yr average level). But this effect is short-term and is to be compensated by strong growth in the rig count (+40% in 2017) as well as incremental takeaway in Marcellus (note - area of shale gas in the Eastern Region of USA). In Middle and Long term we might see bullish periods, however it is unlikely that natural gas will become a bullish commodity in general.