Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>Henry Hub surged on cold forecasts and record LNG demand, while TTF stayed soft due to tepid demand. Weather and LNG flows now drive a volatile winter spread.</li>
<li>The Henry Hub–TTF spread faces exceptional uncertainty, shaped by diverging regional fundamentals. Henry Hub remains sensitive to U.S. forecast shifts, while TTF is anchored by strong EU storage.</li>
<li>With weather driving short-term volatility, the spread remains highly unpredictable. Even steady U.S.–Europe LNG flows offer only partial stability as shifting forecasts and regional imbalances continue to reshape price dynamics.</li>
</ul>


Henry Hub surged on cold forecasts and record LNG demand, while TTF stayed soft due to tepid demand. Weather and LNG flows now drive a volatile winter spread.
The Henry Hub–TTF spread faces exceptional uncertainty, shaped by diverging regional fundamentals. Henry Hub remains sensitive to U.S. forecast shifts, while TTF is anchored by strong EU storage.
With weather driving short-term volatility, the spread remains highly unpredictable. Even steady U.S.–Europe LNG flows offer only partial stability as shifting forecasts and regional imbalances continue to reshape price dynamics.


Gas Markets See Divergence Due to Weather, LNG Flows and Europe’s Calm Start

<ul>
<li>Surging U.S. LNG exports, stronger power demand, and shifting weather models have tightened fundamentals, driving Henry Hub futures to near three-year highs despite record output and above-average storage levels.</li>
<li>Henry Hub’s rally since mid-October has been driven by record LNG exports and colder winter forecasts, which outweighed rising U.S. production and above-average storage levels.</li>
<li>Options positioning shows short-term caution but growing medium-term optimism, with higher call interest across later contracts signaling expectations for firmer Henry Hub prices into early-2026.</li>
</ul>


Surging U.S. LNG exports, stronger power demand, and shifting weather models have tightened fundamentals, driving Henry Hub futures to near three-year highs despite record output and above-average storage levels.
Henry Hub’s rally since mid-October has been driven by record LNG exports and colder winter forecasts, which outweighed rising U.S. production and above-average storage levels.
Options positioning shows short-term caution but growing medium-term optimism, with higher call interest across later contracts signaling expectations for firmer Henry Hub prices into early-2026.


Unpacking the Henry Hub Rally and the Forces Driving It

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>A review of recent events/data impacting our investment themes and outlook</li>
<li>We highlight a  commodity sector with  a strong risk-reward ratio</li>
<li>Precious metals have likely just completed Wave B of their correction</li>
</ul>


A review of recent events/data impacting our investment themes and outlook
We highlight a  commodity sector with  a strong risk-reward ratio
Precious metals have likely just completed Wave B of their correction


Overview #41 – Securing Supply, Unlocking Value: Global Themes in Equities and Commodities

<ul>
<li>Henry Hub prices are rising ahead of a colder U.S. winter, but stronger domestic production and expanding LNG exports could temper the pace of seasonal gains.</li>
<li>Global LNG capacity is set to soar by 60% by 2030, raising the risk of a supply glut that could depress international gas prices and challenge U.S. competitiveness.</li>
<li>While global LNG oversupply may pressure prices abroad, surging AI-driven electricity demand and slower renewable deployment could lift domestic gas consumption and keep prices resilient.</li>
</ul>


Henry Hub prices are rising ahead of a colder U.S. winter, but stronger domestic production and expanding LNG exports could temper the pace of seasonal gains.
Global LNG capacity is set to soar by 60% by 2030, raising the risk of a supply glut that could depress international gas prices and challenge U.S. competitiveness.
While global LNG oversupply may pressure prices abroad, surging AI-driven electricity demand and slower renewable deployment could lift domestic gas consumption and keep prices resilient.


When the Boom Bites Back: How a Global LNG Surge Could Reshape U.S. Gas Markets

<ul>
<li>U.S. LNG capacity is set to nearly double by 2028, reinforcing America’s dominance in global energy markets.</li>
<li>Golden Pass LNG faces major delays due to contractor bankruptcy, highlighting execution risks in megaprojects.</li>
<li>Most other projects, including Plaquemines, Rio Grande, and Port Arthur LNG, remain on or near schedule.</li>
</ul>


U.S. LNG capacity is set to nearly double by 2028, reinforcing America’s dominance in global energy markets.
Golden Pass LNG faces major delays due to contractor bankruptcy, highlighting execution risks in megaprojects.
Most other projects, including Plaquemines, Rio Grande, and Port Arthur LNG, remain on or near schedule.


U.S. LNG Surge: Growth on Track, but Golden Pass Stumbles

United States

Natural gas is a naturally occurring hydrocarbon gas mixture consisting primarily of methane, but commonly including varying amounts of other higher alkanes, and sometimes a small percentage of carbon dioxide, nitrogen, hydrogen sulfide, or helium. It is formed when layers of decomposing plant and animal matter are exposed to intense heat and pressure supplied by existing under the surface of the Earth over millions of years. The energy that the plants originally obtained from the sun is stored in the form of chemical bonds in the gas.

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Natural Gas (NATURAL GAS COMDTY)

Gas Markets See Divergence Due to Weather, LNG Flows and Europe’s Calm Start

Henry Hub surges on cold forecasts and record LNG demand, while TTF stays soft; weather and LNG flows drive volatile winter spread with...

Mint Finance

Unpacking the Henry Hub Rally and the Forces Driving It

U.S. LNG exports, power demand, and weather models tighten gas fundamentals, pushing Henry Hub futures to levels last seen in December 2022...

Mint Finance

Overview #41 – Securing Supply, Unlocking Value: Global Themes in Equities and Commodities

A review of recent events/data impacting our investment themes and outlook. Lithium, Japan, precious Metals and the Oil and Gas sector

Rikki Malik

When the Boom Bites Back: How a Global LNG Surge Could Reshape U.S. Gas Markets

Rising Henry Hub prices ahead of winter may be tempered by increased domestic production and LNG exports, while global LNG capacity growth could...

Mint Finance

U.S. LNG Surge: Growth on Track, but Golden Pass Stumbles

US LNG capacity to nearly double by 2028, but Golden Pass LNG faces delays due to contractor bankruptcy, showing risks in megaproject execution....

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Gas Markets See Divergence Due to Weather, LNG Flows and Europe’s Calm Start

​Henry Hub surges on cold forecasts and record LNG demand, while TTF stays soft; weather and LNG flows drive volatile winter spread with...

Mint Finance

Unpacking the Henry Hub Rally and the Forces Driving It

​U.S. LNG exports, power demand, and weather models tighten gas fundamentals, pushing Henry Hub futures to levels last seen in December 2022...

Mint Finance

Overview #41 – Securing Supply, Unlocking Value: Global Themes in Equities and Commodities

A review of recent events/data impacting our investment themes and outlook. Lithium, Japan, precious Metals and the Oil and Gas sector

Rikki Malik

When the Boom Bites Back: How a Global LNG Surge Could Reshape U.S. Gas Markets

​Rising Henry Hub prices ahead of winter may be tempered by increased domestic production and LNG exports, while global LNG capacity growth could...

Mint Finance

U.S. LNG Surge: Growth on Track, but Golden Pass Stumbles

​US LNG capacity to nearly double by 2028, but Golden Pass LNG faces delays due to contractor bankruptcy, showing risks in megaproject execution....

Mint Finance

Henry Hub surges on cold forecasts and record LNG demand, while TTF stays soft; weather and LNG flows drive volatile winter spread with...

U.S. LNG exports, power demand, and weather models tighten gas fundamentals, pushing Henry Hub futures to levels last seen in December 2022...

Rising Henry Hub prices ahead of winter may be tempered by increased domestic production and LNG exports, while global LNG capacity growth could...

US LNG capacity to nearly double by 2028, but Golden Pass LNG faces delays due to contractor bankruptcy, showing risks in megaproject execution....