What happened yesterday was a pipeline fire in Alberta. The short story is that the problem is resolved: the fire is out, the gas re-routed, issue contained, and most importantly nobody was hurt.
The narrative has returned to warm weather, abundant supply, and low demand for the near future.
Today, the May NYMEX contract sold off to near yesterday’s low, but it did trade up at the end of the day. Some consumers might be stepping up to secure May supply as these prices are quite low historically; 7A volume yesterday would support this view.
May is trading at $1.71 US/mm as of 4pm.
NYMEX rest of summer strip is $2.22 US/mm and next winter is $3.39 US/mm.