Current price of natural gas

What is the current price of natural gas Is it expected to go up in the near future. Is it true that there is too much natural gas that has no where to go?

I just heard there is a new movie out regarding the gas industry called Truthland. Haven't had time to view it yet. Has anyone?

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0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on July 10, 2012 at 4:27am

Currently it's ~$2.81.  The expectation that it will go up is present in some investors, but it's already rebounded up from $2 in April.  Prices are still 37% lower than they were a year ago, so there's room for upward movement.  There is a huge oversupply and demand has not kept pace, especially with our unseasonably warm winter (nationally).

Permalink Reply by Jasmine on July 10, 2012 at 6:23am

Thank you!! Where can I find this info?

0i7okn54zwbdoPermalink Reply by 0i7okn54zwbdo on July 10, 2012 at 6:40am

Many investment websites have charts tracking the prices of all commodities.  Bloomberg has a good one.  Also, Seeking Alpha is an investment website that has dozens of contributors who often write stories about the O&G business.  It's free to sign up and they send you email alerts when you flag specific companies that you're following.

Permalink Reply by LW on July 10, 2012 at 7:45am

It's on the main page of this forum.

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