Despite crashing prices, executives at EQT Corp. said the U.S. natural gas market is not as oversupplied as most think, suggesting the stage is being set for a rebound. 

Henry Hub has traded below $2/MMBtu for seven straight sessions. The contract hasn’t been this low since June 2020 during the Covid-19 pandemic. NGI’s Weekly Spot National Avg. price has also been under pressure for four weeks in a row, weighed down by near record production and mild winter weather. 

But CFO Jeremy Knop pointed to a “prominent data vendor” that lowered its year-to-date supply estimates this week, suggesting fundamentals aren’t as bad as they seem. 

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