Happy New Year! We started the year off with colder temperatures across Western Canada and into parts of Eastern Canada as well. Prices are somewhat reflecting on the colder weather, although until we have a more sustained weather patterns prices are subject to remain in the current trading range. The rule of thumb is more than 15 days of colder than normal temperature during a winter period will start to move prices upwards due to the limited inventory. Producers continue to operate in a climate of low captial expenditure and now sits below the levels needed to offset the current depletion rates. 2022 will be the year where natural gas prices slowly climb due to international prices pressure; lower than average inventory levels and lack of infrastructure spending. (RS)

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