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Rentech Nitrogen Partners, L.P. Message Board

  • hulcal hulcal May 17, 2013 3:03 PM Flag

    Survey shows sub $4 NG for remainder of year

    This should allow RNF to replenish their sub $4 gas hedges and guarantee high product margins for the foreseeable future and provide more support for their already high distributions.

    Natural gas will trade below $4 per million British thermal units for the rest of the year, according to a KPMG LLP Global Energy Institute survey of U.S. energy executives.The survey showed 73 percent forecast that the price will range from $3 to $4 in 2013. Gas for June delivery settled at $3.932 yesterday, down 12 percent from the 2013 high of $4.444 in intraday trading on May 1.

 
RNF
14.860.00(0.00%)May 22 4:02 PMEDT