Seeking Alpha - Gas producers slammed as supply glut drives down prices

October 8, 2019 – Seeking Alpha

Gas producers slammed as supply glut drives down prices

By Carl Surran

[…] "It is going to take a cold winter and more exports to keep natural gas prices out of the cellar," says RBN Energy's Rusty Braziel, chief executive of RBN Energy, and Tudor Pickering Holt analysts recently warned that nat gas might fall below $2/MMBtu before prices hit a floor. […]

[…] U.S. production rose to a record 37T cf last year, and the Energy Information Administration forecasts dry natural gas production will average 91.6B cf/day in 2019, 10% higher than the 2018 average.

Shares of Range Resources (RRC -8.3%), Antero Resources (AR -7.9%), EQT Corp. (EQT -5.1%) and Gulfport Energy (GPOR -4.1%) have all lost more than half of their stock market value this year. […]

Read the full article here: https://seekingalpha.com/news/3504619-gas-producers-slammed-supply-glut-drives-prices