Another mild day to finish the week. Just a small gain for NYMEX futures, the March 2026 contract up 8 cents mid-day.

St. Clair (where Dawn facilities are located) imports versus exports have been swinging considerably these past few weeks, but are starting to return to late-December/early-January levels, signaling that more gas is now flowing from the US to Dawn. The huge drop aligns with when Dawn spot prices hit $90+ CAD/GJ on January 27th. Now that American production has recovered since freeze-off related decreases, more available supply is flowing north to help meet seasonal demand here, helping ease prices some.

Ontario temperatures are expected to dip back well-below normal this weekend, but climb back up to average by Wednesday next week then remain there. Stay warm!