Jan. 21 at 8:39 PM
$VG
To those focused on Henry Hub prices rising X% vs TTF rising less than X%, recall that with TTF in 30s the % move per euro/dollar is less. So spread is still incredible for cash flow at these levels (we were
$15+ last time).
Think of it this way: when VG went from
$6 to
$7 that 1 dollar was a ~17% move. When VG goes from
$50 to
$51 in not too distant future, that same 1 dollar is now a 2% move 😄
