Author KristenM
The February contract moved into the prompt position with bullish pressure and continued that momentum throughout the month. Below average temperatures across much of the U.S. drove greater demand for natural gas for heating purposes. According to The Weather Channel,… Continue Reading →
Happy New Year and hello Winter! Old Man Winter has decided not to hibernate this year and made his presence very well known to start 2018. December experienced large swings in temperatures, but after a week of warm temperatures and… Continue Reading →
2017 for natural gas is officially in the books! The December contract settled at $3.074 per MMBtu, making the 2017 annual average $3.108 per MMBtu. This year, natural gas prices averaged 26% above 2016, but the December 2017 contract settled… Continue Reading →
As October came to an end, mild temperatures returned, and a healthy storage report sent the November contract to a decline below the September 8th lows, expiring at $2.752 per MMBtu. This was the lowest contract settlement since March of… Continue Reading →
It has been a very active hurricane season in the Atlantic, with Hurricane Irma having the greatest impact on natural gas prices, thus far. As Hurricane Irma made landfall in The Keys and moved up the coast of Florida and… Continue Reading →
It has been more than ten years since Hurricanes Katrina and Rita pummeled the Gulf Coast and significantly impacted oil and natural gas production. Since that time, the market has experienced a dramatic shift of production from off-shore to on-shore…. Continue Reading →
Air conditioning units up and down the East and West Coasts were put to the test with the arrival of summer. The West experienced multiple days of temperatures near 120 degrees, while the East also faced above-average, sweltering heat. With… Continue Reading →
That’s what little boys are made of! The Burton Energy Group family continues to grow and the team enjoyed surprising Paul, an Energy Analyst on the Operations team, with a little baby shower to celebrate the upcoming arrival of his… Continue Reading →
The Summer Solstice occurs around June 20th or 21st (depending upon your time zone) and technically marks the first official day of summer. For many of us, however, we gauge the start of summer by the weather! This year, traders… Continue Reading →
We are officially in the shoulder season and the natural gas market is falling back into old habits. It is not uncommon for the natural gas market to increase in the second quarter. In fact, over the past twenty-six years,… Continue Reading →
The natural gas market appears to have shifted somewhat from a bearish sentiment due to warmer temperatures in February, to a more bullish sentiment as the supply/demand balance becomes more of a focus for the near-term. The April contract rolled… Continue Reading →
March Madness is just around the corner and the natural gas bears appear to be shutting down any Hail Mary shots the bulls are taking to push this market higher. To close out the “typical” winter season term, the March… Continue Reading →
The bulls and bears are having a turf war over the natural gas market. The February contract rolled off the board on Friday at $3.391 per MMBtu, nearly 14% below the January contract, after experiencing a large swing throughout the… Continue Reading →
Times Square wasn’t the only place setting off fireworks to ring in the new year. The natural gas market kicked off 2017 with quite a bang! After news of an arctic blast and a storage withdrawal of 237 Bcf, the… Continue Reading →
Natural gas for the CY2016 strip has now officially settled. After the bears drove the December contract down to $2.546 per MMBtu with an above-average November and record high storage levels, the bulls managed to gain momentum heading into Thanksgiving… Continue Reading →
It looked as though the Chicago Bears and natural gas bears were abandoning us this fall, neither of which looking like they would be part of the conversation this season. While the Chicago Bears continue to sort out their quarterback… Continue Reading →
It’s no trick; a very nice treat is on its way! Burton Energy Group is looking forward to welcoming Micah Burton to the family very soon! The team took some time to share their wisdom and wishes and celebrate Brent,… Continue Reading →
After moving into the prompt position, the October contract quickly dipped to $2.827 per MMBtu and eventually slid to $2.676 per MMBtu. Since hitting that key support level, the bulls continued to try to push the October contract above $3… Continue Reading →
Natural gas continues to be range-bound, while traders alternate their focus between summer coming to an end and ample supply in storage, verses increased demand for power generation and below average storage injections. The August contract settled at $2.672 per… Continue Reading →
During 23 of the last 26 years of futures trading, natural gas has experienced a spring peak. 2016 appears to be following suit, as the July contract rolled off the board at $2.917 per MMBtu, the highest settlement this year. … Continue Reading →
After a bit of a wild ride, the June contract pulled back yesterday to a one month low and settled at $1.963 per MMBtu. This marks the fourth month in a row that natural gas settled below $2.00 per MMBtu… Continue Reading →