Live Update

June 11, 2015

Good Afternoon…..

This is George Hutchinson….

Bringing you a live energy update

From our HBS studios

Located in a remote area of…

New Jersey

This Thursday afternoon

June 11th

The year 2015

Before we get into the current market conditions

Let’s take a minute to look

At some of the factors

That has led up to this point

It has been a crazy couple of months

Many people say…..

The energy market

Has developed a mind of it’s own

After starting out with a mild winter

We got hit with colder than normal temperatures

During the months of

February and March

This helped to push energy prices up

The gas nymex

Came close to hitting $3.00

It also had an adverse effect on Basis pricing

January 2016 basis

Was running over $7.00 a dekatherm

As cooler than expected spring temperatures hit

In April and May

We started seeing prices

Drop

Making the market

More attractive

You could hear the chatter starting ……

Maybe the summer was not going to be

That hot after all

Prices continued to drop

The door was opening

Was the bottom going to fall out

Record storage levels

Were being recorded

Then….

Sometime during

The end of last week…..

The weather gods

Started talking about

Temperatures going into the

High 80s…..

Possibly the low 90s this week

Immediately

The market corrected itself

Ohhhhh

Maybe it is going to get hot after all

Prices started to rise

Nymex jumps 10 points

Next day

Nymex jumps another 10 points

The market is up again

As I bring you this update

As I often say….

Timing is everything

But the old adage

Still rings true…..

What a difference a day makes

Stay tuned for further updates

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