It’s still early to tell, but Wednesday’s 5% rebound in natural gas futures on the New York Mercantile Exchange’s Henry Hub threw a lifeline to those long the market.
Natural gas managed to finish 2022 up by 22% — as ironic as that seems — as bulls played on the psyche of a market likely to be caught undersupplied in an extreme winter condition. Neither of those two superlatives came to fruition — storage of U.S. natural gas ended 2022 little changed from the closing levels of 2021, while the 2022/23 winter has thus far felt like an extension of autumn, albeit a little warmer.
Valeura Energy Inc (LON:VLU) is an upstream oil & gas company, with a clear strategy to add value for shareholders. The Company has a strong balance sheet positioning it for potential inorganic growth opportunities in the near/medium-term, and substantial longer-term upside potential through an operated deep, tight gas play.
