AR is buy at this level

31 thg 10, 2019

Target 2,80$
Cold is coming in yr.no/place/United_States/New_York/New_York/long.html
No rist, no stop loss, just pay and wait one week. natgasweather.com/

Natural gas price move AR, but why?

As a result, as of October 29, 2019 Antero's expected natural gas production is now 91% hedged in 2020 at an average NYMEX price of $2.87 per MMBtu and approximately 89% hedged in 2021 at an average NYMEX price of $2.80 per MMBtu, assuming 9% growth in 2020, using the midpoint of the 8 to 10% target and 10% production growth 2021.

Want bigger picture d1io3yog0oux5.cloudfront.net/_88927299d8d82a52e49e1bdd63802672/anteroresources/db/713/5600/pdf/Natural+Gas+Fundamentals+-+09.03.2019_vF.pdf

shortly
• Exit-to-exit U.S. supply growth expected to slow dramatically in 2020
• Projected growth of just 2.6%, below estimated demand growth of 4% next year
• Challenges to Meet Needed Supply Growth Through 2023 - ~23 Bcf/d of new supply needed to offset the 27% base decline(2) for total U.S. supply in 2019 alone - Another 3 Bcf/d of new supply needed to meet demand growth in 2019 - While associated gas will deliver a relatively price insensitive base load, associated gas alone cannot deliver the needed new supply; dry gas producers will require higher gas prices to incentivize drilling
• Only 32% of the new gas supply needed in the 2019 through 2023 period is forecast to come from associated gas plays where natural gas price is not the driving factor for development • Remaining 68% of new gas supply must come from dry gas plays where producers generally need high-$2.00 to low-3.00/MMBtu NYMEX natural gas prices to generate a 25% IRR on a half-cycle basis
• 45% of new gas supply needed in the 2019-2023 period is forecast to come from plays with breakeven gas prices that are higher than the long-term 2020-2023 strip ~2.48/MMBtu
• Exit-to-exit U.S. supply growth is expected to slow dramatically to 2.4 Bcf/d or 2.6% in 2020