Changes for Oil, Gas, and NGLs in 2021: Price Risks and Finance

December 23, 2020
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In our latest webcast, our experts discuss recent oil & gas market developments and how they may influence risk management decisions moving forward. Given the recent run in oil prices, hedging activity has seen an uptick as producers try and capture floors above $40 in 2021. On the gas front, the warm start to the winter season has caused us to alter our forecasts for a tighter market at the end of the winter season.

KEY TAKEAWAYS:

  1. AEGIS hedging data shows how oil and gas producers have taken advantage of both products’ rallies so far in 4Q.
  2. Winter isn’t over, but the natural-gas winter premium might be.
  3. The current rise in WTI is a “non-fundamental” rally and is vulnerable to a retreat.
  4. Ethane, propane, and butane all have rising demand and languishing supply, but their price responses and outlooks are much different.

Special Discussion

How is energy finance evolving? Tighter capital markets could lead to some higher costs of capital and creative financing strategies – Angelo Gordon’s Paul Gottheim joins us.

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