
Frac Spread: Gloomy Over NGL Outlook? Try To Constraint Yourself
Propane leads the dive among all NGL, as prices drop and margins tighten.
Propane leads the dive among all NGL, as prices drop and margins tighten.
The price is up as Mariner East 1 is cut off from Marcus Hook, but can it be sustained?
Markets are looking past the vortex; NGL margins are on a roll.
Plus, QEP Resources recently engaged Evercore to explore a sales process following a surprise takeover bid by activist investor Elliott Management in early January.
In the short term, a potential war makes the crude oil situation dicey at best.
Winter storm is spurring higher demand for gas, but NGL prices are mostly static.
Ethane is much stronger than it was 12 months ago and margins widen across the board.
NGL margins benefit from exports and weakened gas prices, but global economic concerns are mounting.
An expected weakening of the polar vortex in late December could result in a chilly January.
The ethane spread between Conway and Mont Belvieu has narrowed dramatically since the summer.