RE: mark to market2 Nov 2021 09:19
Still don't get it. As a producer they are not buying wholesale gas then selling it on. They are just pulling it it out of the ground so can't understand why they have losses when input costs haven't increased...or are they also selling gas contracts beyond their own supply and therefore buying wholesale gas at spot against locked in sales rate so the lock in sale is fixed and the wholesale spot has gone through the roof hence the loss