• Search for bottom continuing for natural gas futures Wednesday as prices down sharply through morning and lunchtime trading
  • March Nymex contract off 8.0 cents to $1.609/MMBtu as of 2:28 p.m. ET; $1.61 seen as “strong technical support,” according to EBW Analytics Group’s Eli Rubin
  • Nymex front month trading at roughly 10-cent premium to day-ahead Henry Hub price of $1.510, according to NGI’s Midday Price Alert
  • Market searching for signs of a production response as major natural gas operators report earnings
  • Including hedges, EQT Corp. estimating Nymex Henry Hub free cash flow breakeven of around $2.20/MMBtu in 2024, per 4Q2023 results
  • Gelber & Associates: “Given EQT’s status as the largest natural gas producer in the Lower 48, that breakeven price could serve broadly as a good...