Familiarize yourself with one of the industry publications that reports physical, cash prices for natural gas. Inside FERC, Gas Daily and, OPIS do not allow their publications to be copied unless you have a subscription and receive prior permission. However, you can access natural gas cash prices from the Natural Gas Intelligence website [1]. These come directly from the electronic trading platform The Intercontinental Exchange (ICE). They are actual transactions for physical natural gas trades at the specified locations. ICE is based in Atlanta, GA. and they also own the ICE Futures Europe in London.
You might not be able to access the latest natural gas cash prices through NGI. In that case, use the sample prices provided in the NGI website and include a screenshot in your submission.
The cash hubs that you might see in the report are:
Please chose four of these hubs. Report the following information for the selected four hubs plus the national average (last row):
Please also include a screen shot or PDF printout of the Natural Gas Intelligence website to verify your reported prices. Do not simply submit a screen shot of the web site. You must submit both the screen shot and a typed response with your reported prices.
The Natural Gas Intelligence website is a great resource for when you work on your weekly Fundamental Factors for natural gas. You can indicate where cash prices are trading, and that may help you with your trading decisions.
This activity, due at 11:59 pm on Sunday, is worth up to 20 points on the EBF 301 grading scale.
The Fundamental Factors activity is due as usual this week, at 11:59 pm on Sunday, and is worth 30 points on the EBF 301 grading scale. Please refer to the Fundamental Factors Instructions [2] for additional information and grading rubric.
Cash Price Activity: Submit your work as a word processed document to the Lesson 5 Cash Price Activity in Canvas.
Submit your work as a single word processed document to the Lesson 5 Fundamental Factors Activity in Canvas.
Links
[1] http://intelligencepress.com/features/intcx/gas/
[2] https://www.e-education.psu.edu/ebf301/680