The price of natural gas is not critical for LINE as it is fully hedged.
What is important is ngls.
Traditional market impacts on the North American natural gas liquids (NGL) market may have been limited in July, but macroeconomic events caused both NGL prices and frac spread margins to gain strength during the month.
West Texas Intermediate (WTI) crude oil prices rose above $100 per barrel (/bbl.) after the Energy Information Administration released a report early in the month revealed that crude inventory levels were lower than anticipated.
Geopolitical events, specifically those in the Middle East, have undoubtedly been a factor in the price increase for crude oil, Barclays ...
Propane will not solve all the DCF coverage issues. But it will definitely help. Price are 15% to 20% high than in the 4th quarter.
Contrary (of course) to the purposefully misleading ethane 'information' rlp'D posted, American chemicals being forced to displace propane with ethane. Also ethane export is coming just as it has with propane.
Exporting American energy because we will not stop the Progressive primitive theology of political patronage for crony capital rent seekers like Grassley.