Gas Investing News » Natural Gas prices hit six year low

Natural Gas prices hit six year low

April 8, 2009 @ 12:10 am In Gas Market News

A supply glut dragged natural gas prices to a six-year low which has lead to predictions of more layoffs and capital spending cuts in the Alberta oilpatch with little relief expected until next fall.

Calgary analyst John Tasdemir of Tristone Capital stated:

I think you could see a $2 handle on it.

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