1.64 was good entry until friday. Trade between ATR 0.18 cents. Natgas in low since 2016, no demand due warm winter and oversupply. Might test 1.6. ER didn´t encouraged. If natgas price drops and hold below guidance no recovery and they have to sell assets, their hedge or somehow find cash.
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21FEB to 27FEB price decline. Fears of mild winter, coronavirus and clobal demand. Markets are selling of and reach lows in 27FEB. 28FEB ATL 1.22$ for AR
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20FEB probably was a up move with futures a pump before decline. Bad news were in the air and it was a good way to unload shares. Seems that 1.2 is a new base and 1.6 new wall
The following is a summary of Antero Resources' 2020 capital budget. The capital budget is based on commodity strip pricing as of February 7, 2020 that was $52 per barrel WTI oil, $25 per barrel C3+ NGL and $2.08 per MMBtu NYMEX natural gas for 2020.