most drillers will be bankrupt by winter. Storage will drop to multi-year lows.
That's really extreme. "Most drillers..."? Some might be, because they have to sell their NG for at least what it costs them to pump.
Since many drillers have only recently gotten into the business, their costs are much higher than for companies that started drilling for NG ten years ago.
Yet, the market seems oblivious to this risk.
Somehow, I think that whatever correction, to the plus side, we experience will be tempered by the controlled, HFT-dominated trading that's infected every market.
That would be a lot of patience.