Mar. 5 at 6:57 PM
$VG The biggest influence on the share price of VG is not the Algo’s it’s the price spread between the Henry hub, TTL, and JKM. When these come back down, expect the share price to drop some to reflect.
Spread Break-even “Sweet spot”
Europe (TTF-HH) ~
$4 $6–
$8
Asia (JKM-HH) ~
$6 $10–12
Current spreads
Using Henry Hub ≈
$3/MMBtu:
Europe spread
TTF – HH
• ~
$14–
$16 −
$3
➡ ≈
$11–
$13 spread
Asia spread
JKM – HH
• ~
$25.4 −
$3
➡ ≈
$22 spread