Natural Gas Prices Down After Mild Summer

Now that bid week pricing for the quarter is finished, Sterne Agee has updated its natural gas and oil prices and formally introduced 2016 estimates. Even though Henry Hub prices (the typical benchmark used for US natural gas) came in lower than Sterne Agee analysts Tim Rezvan and Truman Hobbs had expected they warn investors not to become too bearish in the future.

Sentiment driving price as much as fundamentals: Sterne Agee

“We believe sentiment is as much a driver of price action for natural gas as the underlying fundamentals of storage and demand, and the mild summer has muted much of the bullish sentiment for near-term pricing that originated in the winter,” they write. “We expect gas in...