Loading…
Canadian AECO natural gas traded at an average of C$2.07/Mcf on Monday, a rare price spike for Canadian producers. Analysts expect gas demand from oilsands operations to fall as heavy oil producers consider temporary shutdowns amid low crude prices.
Losing one of the largest gas buyers in Western Canada, as oilsands output is curtailed, is likely to weaken regional gas demand and pressure prices.
financialpost.comGeoffrey MorganApr 15, 2020After 59 past bearish macro events, Natural Gas moved a median +1.3% over 5 sessions (58% higher; middle half -5.0% to +5.2%), and -2.0% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
