Looking at the list of previously published articles, I want to focus on the last two, which were published before the widespread breakout of COVID-19, and before the Russia/Saudi Arabia oil dispute.
Combined, they show what we know now, without a doubt, that both dry natural gas and liquids production already were rolling over prior to COVID-19, and this rollover in production has been accelerated dramatically.
This roll over in production has turbo charged the performance of the leading natural gas equities, both since Black Monday for energy equities, which was March 9, 2020, where Occidental Petroleum (OXY) and many other energy equities declined 50%, or more, in a single trading session, while many leading natural gas equities demonstrated tremendous outperformance, and since March 23, 2020, which marked the bottom in the SPDR S&P 500 Index (SPY). Importantly, this is only the beginning of what should be a secular turn higher in natural gas equities.
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