Gas Bulls Might Be in Driver's Seat, But Bears Seeking to Wrest Wheel

摘要

Is the bullish outlook spreading in North America's gas sector justified? Perhaps, considering US storage inventories are more than 525 billion cubic feet below the five-year average and almost 900 Bcf below last year's levels. Short-term, it makes sense that the contract would hold steady within a $2.50-$3 per million Btu range. However, longer-term fundamentals aren't so clear-cut and some would argue are far more bearish.